Navigating New Tariffs: Challenges & Solutions for Businesses and Consumers
March 18, 2025
Navigating New Tariffs
Navigating New Tariffs
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How Will Tariffs Affect the Price of Building Materials?
The short-term answer: Prices are going up. Market instability, finding new suppliers, and higher operational costs are pushing prices higher.
The long-term answer: Some experts believe there will be an inflationary period followed by adjustments, with U.S. manufacturing increasing and prices eventually stabilizing, potentially even dropping below current levels. However, the majority think prices will simply keep climbing.
What You Need to Know Now:
Quote all jobs up front and only buy what you need.
Steel prices from Canada have already risen, and they could increase by 25-50%. Domestic suppliers are likely to follow suit, so plan accordingly.
To avoid surprises, it’s best to bid your jobs with these increases in mind.
