US EditionThe National Observer: Real Estate: New Steel, Aluminum Tariffs to Hit Construction Industry
- The Winnipeg Construction Association reported a 10.7 percent drop in building permits during the first quarter of 2025 in Manitoba amid rising tariff concerns.
- This decline follows the recent doubling of U.S. Steel and aluminum import tariffs to 50 percent as announced by President Trump on April 2, 2025, which raised uncertainty in the industry.
- Manitoba and Saskatchewan are expected to experience greater cost increases because they depend extensively on steel, aluminum, and concrete sourced from the United States, prompting stakeholders to modify their supply chains in response.
- A $375 million healthcare project could see about $22 million in added costs from tariffs, with structural steel prices rising 5 to 8 percent and aluminum premiums up 54 percent.
- The tariff increase is expected to continue raising construction costs and supply chain disruptions, potentially inflating prices for buildings, vehicles, and consumer goods in the near term.
40 Articles
40 Articles
Trump's steel and aluminum tariff hike sparks construction uncertainty in Waterloo region
The projected growth of Waterloo region is one million people by 2050. With more people comes the need for more homes, workplaces and recreational areas. But local construction projects could be stalled as U.S. President Donald Trump slaps an additional 25 per cent tariff on steel and aluminum, bringing the total to 50 per cent.
By CNN Radio Argentina, Jorge Ángel Harker, international markets analyst at Adcap Grupo Financiero, addressed the 50% increase in tariffs on steel and aluminum by US President Donald Trump. On CNN Primera Mañana, he stated that "the recent announcements are generating concern across the continent. Canada, Mexico, and Brazil will be the hardest hit, but all of Latin America will feel the impact, including Argentina." He emphasized that "although…
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