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Many HVAC distributors didn’t waste time passing along price increases that they blamed on the new 25 percent tariff on imported steel entering the U.S.
Dustin Denison has resigned himself to paying more for ductwork, registers, fittings and just about everything else containing steel that Applied Energy Innovations uses daily.
On heels of the Commerce Departments Section 232 Report, the Trump Administration indicated they will impose aluminum and steel tariffs on those imported materials: 25% on Steel and 10% on aluminum.
The taxes on imported steel and aluminum that the Trump administration plans to impose might not apply to Canada or Mexico — if the countries agree to overhaul NAFTA.