The U.S. building materials sector faces mounting challenges as recent tariff hikes disrupt supply chains and consumer demand. On June 3, the Trump administration increased levies on imported steel, aluminum, and related derivatives from 25% to 50%, a move industry professionals say has pushed businesses into 'survival mode.'
Ahmed Gray, a 24-year-old worker at a New York building materials store, described dwindling customer traffic and revenue. "Prices for basic materials have skyrocketed," Gray noted. "Families planning renovations are postponing projects, and contractors are cutting orders." Analysts warn such policies risk creating a feedback loop, where higher costs for businesses translate to reduced economic activity and job insecurity.
While U.S. officials frame tariffs as protective measures, critics argue they disproportionately harm domestic industries reliant on global supply networks. The building materials sector, which employs millions nationwide, now grapples with inflationary pressures and uncertain long-term planning.
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U.S. building material professional says industry in 'survival mode'
cgtn.com