In his latest “ The Sullivan Report,” Ed Sullivan addresses the potential impact tariffs may have on the United States cement market. He focuses on the landed cost increases, whether the costs are absorbed by the importer, and strategies undertaken to mitigate price increases.
“While the new tariff regime is a reduction from the initial scheme, make no mistake, they will cause U.S. economic distress and adversely impact construction activity and cement consumption,” wrote Sullivan.
The amount of added tariff costs that will be passed onto consumers will likely vary by region, state-by-state, and possibly within some states, according to Sullivan. The factors that determine the added costs for consumers center on the level of competition and the available alternatives to imports in the local market. Those more dependent on imports, may feel the sting of tariffs a bit more.
Read the latest “The Sullivan Report” here.
