President Trump’s decision to impose tough tariffs on steel and aluminum imports from Canada, Mexico and the European Union quickly sparked retaliatory measures and is expected to lead to cost increases for U.S. construction contractors and for makers of construction equipment.
The White House announced on May 31 that 25% tariffs on steel imports from the three targeted exporters and 10% charge on their aluminum shipments to the U.S. would take effect on June 1.