Construction Physics β’ 17955 implied HN points β’ 12 Feb 25
- Tariffs on imports can greatly impact construction costs. For example, the recent 25% tariffs on materials from Canada and Mexico might lead to higher prices for building projects.
- A significant part of construction relies on imports, especially metals and interior components. In 2022, nearly $469 billion in construction-related imports were recorded in the U.S.
- Most construction materials come from various countries around the world. No single country dominates the market, showing how global trade supports the construction industry.