How will the tariffs affect this industry?

Earlier this month, Trump announced 25% tariffs on Canadian and Mexican imports, and 10%tariffs on Chinese imports. How does this affect the construction/plumbing industry? A lot, actually.

Several things that go into building, remodeling, etc are imported into the US, from plastic pvc pipes to electrical fixtures. If these tariffs get implemented, these products will go up in price. Here are a few things from each country that would be affected.

Canada:
sawmill & wood products
iron & steel products
aluminum
veneer, plywood, and engineered wood products
hardware
construction machinery

Mexico:
major & small appliances
AC/heat & refrigeration products
switchgear & switchboards
iron & steel
wiring devices
energy wires & cables
plate work & fabricated structural products
electrical lighting
hardware

China:
major & small appliances
electric lighting
AC/heat & refrigeration products
saw blades & handtools
hardware
construction machinery
wiring devices

Ultimately, these could cause huge price increases for building and remodeling projects. It also could lead homeowners to postpone repairs around the house, which could potentially worsen overtime leading to urgent, costly damages.

Before it could get worse, it is a good idea to schedule repairs and maintenance now, before the tariffs take full effect. Always work with reputable contractors that will provide clear pricing and alternative solutions that meet everyone's budget. Don't hesitate to call us today to schedule a visit or get a quote!