Building material costs continues to increase, according to the U.S. Bureau of Labor Statistics’ recent Producer Price Index report, and many are looking at ongoing trade disputes as a big part of the problem.
Just over a month after the Trump Administration announced it was going to place tariffs on imported steel and aluminum, we are beginning to see bilateral agreements and renegotiated trade deals taking place.
Cold-formed steel (CFS) framing, for instance, is an ideal choice because it is non-combustible, lightweight, and cut to precise specifications. Learn more about the benefits of prefabrication and CFS by exploring the infographic below.
Canada plans to ask the World Trade Organization (WTO) to set up an adjudication panel to judge its dispute with the United States over Canadian lumber exports, indicating that talks have failed to resolve the issue and Ottawa is pressing its case.
On March 8, President Trump signed two proclamations to temporarily increase tariffs on imported steel by 25 percent and aluminum by 10 percent. The new tariffs will take effect March 23, but it’s currently unclear how long they will remain in place and which countries they will ultimately be imposed upon.