The U.S. recently imposed tariffs on imported steel and aluminum from China and nearly every other country in the world, except for Canada, Mexico, Argentina, Australia, Brazil, South Korea and the EU. In total, the U.S. has recently imposed $250 billion worth of tariffs on Chinese exports. Structural
steel, in particular, is a critical long-lead-time material for new commercial construction. These tariffs have caused significant concern within the construction industry with respect to the cost and availability of building materials, as well as the contracting parties’ relative risks and responsibilities over increased costs caused by tariffs.
Click on the above PDF to read the entire article, published in Law Week Colorado.