Trump Tariffs make it harder to build U.S. Infrastructure
"Since Trump announced the tariffs in March, prices have been rising for the American steel used to build bridges, reinforce concrete highways and lay the rails for mass transit systems. Though many of this summers big construction projects had locked in pre-tariff prices, concerns are mounting among contractors and some transportation officials that the tariffs could raise costs and delay work that is still in the planning stages.
Most federally funded transportation projects in the U.S. already are required by law to use U.S. steel. Tariffs are like taxes charged only on imported products. But because they make foreign steel more expensive, tariffs also allow U.S. steel producers to raise prices without being undercut by international competitors.
The price of U.S. hot-rolled coil steel, a bellwether product for the industry, is up about 40 percent since the start of this year due to a combination of Trumps tariffs and strong economic demand, said Joe Innace, the metals content director in the Americas at S&P Global Platts."
more:
https://apnews.com/3a974a6109a949398f621af432c433ba/Trump's-own-tariffs-make-it-harder-to-rebuild-infrastructure
********It's like everything he touches he poisons.