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House purchasers will confront increased costs due to newly enacted steel taxes.

U.S. boosts tariffs on steel and aluminum from 25% to 50% on June 4th. Already, some construction materials' prices are increasing, according to Gregory Monod, president of Habitat division, French Building Federation, due to Lord April's tariff negotiations crunch between Europe and the States.

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U.S. escalates tariffs on steel and aluminum, hiking rates from 25% to 50%. As early as April,...
U.S. escalates tariffs on steel and aluminum, hiking rates from 25% to 50%. As early as April, Gregory Monod, president of France's Federation of Building's Habitat division, identified elevating construction material costs due to tariff negotiations between the EU and America, on the French show Le Grand Rendez-vous de l'immobilier.

House purchasers will confront increased costs due to newly enacted steel taxes.

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Moving forward, the United States has increased tariffs on steel and aluminum by 25-50%, effective starting June 4th. During an interview on The Grand Real Estate Rendezvous, Gregory Monod, President of the Housing Division at the French Building Federation, discussed the consequences of these tariffs on construction materials back in late April.

"We're starting to see the costs of construction materials like steel and PVC go up," Monod mentioned, referring to the ongoing trade disputes initiated by former U.S. President Trump. In March, Trump imposed 25% tariffs on American steel and aluminum imports from all countries. On June 3rd, the new administration increased this to a staggering 50%. This new tariff hike took effect on June 4th at midnight local time, which is 6:01 AM in Paris.

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Soaring Construction Material Prices

Monod expressed concern over the potential impact of these tariffs on housing prices in 2025. In 2024, average new home prices finally saw a 4.2% decrease to about 207,000 euros, thanks to a significant reduction in demand for construction materials due to the economic slowdown. If the prices of construction materials like steel and PVC continue to escalate, builders and developers will likely pass these costs onto homebuyers.

Monod also stated that they will closely watch the U.S.-EU trade negotiations in the coming weeks, expressing skepticism regarding the prospects for an agreement.

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The trade war between the U.S. and its trade partners has put immense pressure on various industries, including those in France.[4][5][1] Rising tariffs have led to increased input costs for construction material manufacturers, which could translate to higher prices for construction materials in France. Moreover, the ongoing trade negotiations and periodic tariff adjustments create uncertainty for French construction material suppliers and their clients, potentially complicating long-term planning and inflating project budgets.[1][3]

French authorities are implementing measures to protect key industries, including increased investment in defense and infrastructure, which may help mitigate some of the negative effects on construction activity.[3] However, the disruption of global supply chains due to increased tariffs has far-reaching consequences that affect not just direct exports but the availability and pricing of steel and aluminum worldwide, resulting in upward pressure on material costs for construction firms.[5]

Key Takeaways:

| Factor | Impact on French Construction Material Prices ||-------------------------------|---------------------------------------------------|| U.S. steel/aluminum tariffs | Up to 50% on exports, raises input costs || Supply chain uncertainty | Delays, higher planning costs for projects || Domestic/EU policy response | May moderate price increases via investment || Global market effects | Volatility, broader price pressure |

Though the exact impact of U.S. tariffs on steel and aluminum exports is uncertain, it's evident that these trade measures could potentially raise construction material prices in France, make long-term planning more challenging, and apply upward price pressure across the industry.

  1. The escalating tariffs on American steel and aluminum imports could lead to a surge in the cost of sports-betting equipment in France as steel is a crucial material in its manufacturing.
  2. With the increased costs of construction materials like steel and PVC, sports facilities in France might consider imported sports equipment due to potential cost savings, if domestic production becomes too expensive.

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