Tariffs imposed by President Donald Trump’s administration may be increasing project costs for government agencies and homebuilders in Indiana.
Lafayette Mayor Tony Roswarski told The Journal & Courier that local developers believe their construction costs have risen by 10 to 15 percent because of the tariffs.
Federal officials aim to have a 25-percent tariff on imported steel and a 10-percent tariff on imported aluminum reduce the United States’ trade deficits and improve the country’s manufacturing industry. The Trump administration also imposed a 20-percent tariff on Canadian lumber. But some government agencies and homebuilders in Indiana say that’s unintentionally driving up costs.
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