Building Products Announcement
Overview
On February 10, 2025, the U.S. Government announced a global 25% tariff on all steel and aluminum imports, including a wide array of related products. These tariffs go into effect on March 12, 2025.
Key Provisions
• Tariff Rates: Reinstated 25% tariff on steel imports and an increased tariff on aluminum imports from 10% to 25%.
• Country Exemptions: No country will be exempt.
• Product Exclusions: In general, no products will be exempt.
• Affected Products: Items like steel beams, aluminum parts, fasteners, cables, and window/door frames will be taxed unless made with U.S.-produced steel or aluminum.
Beacon Impact - Due to the expected impact of tariffs across our various product categories, material costs will increase, and Beacon will be adjusting pricing accordingly. We are committed to keeping you informed and supporting you through these changes.
We appreciate your partnership.
Regards,
Jake Gosa
EVP and Chief Commercial Officer
Beacon Building Products