Tariffs Could Shake Building Industry: Homebuilders, Plumbing, Flooring Face Rising Costs

President Donald Trump is set to unveil a sweeping tariff plan, nicknamed “Liberation Day”, on Wednesday that could lift U.S. trade duties to levels not seen in decades, disrupting global supply chains and jolting financial markets already wary of geopolitical risk.

Ahead of the Trump administration’s April 2 reciprocal tariffs announcement, BofA Securities examines how building product companies could be impacted.

The U.S. has imposed a 25% tariff on all steel and aluminum products, including imports from Canada and Mexico. These tariffs took effect on March 4 but are paused until April 2 for goods and services that meet USMCA rules. Additionally, a 20% tariff applies to ...

https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44592073/tariffs-could-shake-building-industry-homebuilders-plumbing-flooring-face-rising-co