New York City developers and builders certainly won’t strike gold with the Trump administration’s recent metal tariffs. Following President Donald Trump’s early-March announcement that he would tax overseas metals — citing national security concerns with China as a rationale — the government imposed a 25 percent tax on steel and a 10 percent tax on aluminum imported from certain countries. Since the initial announcement, steel prices have reportedly risen as much as 10 percent nationwide. […]
source https://therealdeal.com/issues_articles/developers-are-bracing-themselves-for-the-burn-of-trumps-metal-tariffs/#new_tab
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