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> sure to get worse thanks to Trump's tariffs on steel, aluminum and canadian timber. this[1] suggests that most New York City construction uses US steel and w
by eric_h 9y ago
> sure to get worse thanks to Trump's tariffs on steel, aluminum and canadian timber.
this[1] suggests that most New York City construction uses US steel and will be minimally affected by Trump's policy. Admittedly, basically all new construction is concrete and steel so it will undoubtedly be affected in some way by changes in the steel market.
1) http://www.crainsnewyork.com/article/20180306/REAL_ESTATE/180309940/steel-tariff-unlikely-to-hurt-nyc-construction http://www.crainsnewyork.com/article/20180306/REAL_ESTATE/18...
- lewis500 9y agoIt does not matter what particular country produces one one's steel. What matters is the price of steel. US mills will be able to charge higher prices, so the cost of NYC construction will rise; although in the short run builders have probably locked into certain contracts. That is the whole point of the tariffs: to raise steel prices.