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Higher prices for lumber and other wood products, driven by January's 20% tariff on Canadian softwood lumber and new tariffs on Chinese products, will increase rebuilding costs in areas hit by Hurricane Florence.
Trade war! What is it good for? Whether absolutely nothing or something else, construction will start to find out March 23 when a 25% tariff on imported steel and a 10% tariff on aluminum proposed on March 8 by President Donald Trump takes effect.
The Commerce Dept. announced July 21 that an investigation has found steel concrete reinforcing bar from Taiwan is being sold in the U.S. market at unfair, below-market prices.