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The Truth About Steel Tariffs

In February 2018, President Donald Trump announced that 25-percent tariffs would be levied on all imported steel. The steel tariffs, as they are now known, have had a major effect on the prices of steel within the United States. In fact, prices for US-made steel have increased 41 percent since the steel import tariffs. Those price increases are good for steel manufacturers, but bad news for steel building buyers. If you’re in the market for a steel building, your building will simply cost more due to the steel tariffs.