Construction Costs Will Rise With Steel, Aluminum Tariffs

WASHINGTON, DC–Last week the Trump Administration announced it plans to raise tariffs on steel by 25% and on aluminum by 10%. Further details are expected to follow within the next several days but the ramifications of this move are already clear: simple economics tell us that the price of both imported and domestic steel and aluminum will increase. For the commercial real estate industry, that means higher construction costs.

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Posted Under: CBOR News