The construction industry faces potential financial strain and material price increases due to new tariffs on steel and aluminum imports, even as some experts foresee long-term benefits for domestic production.

The 25 percent tariffs — set to go into effect March 12 — will apply to all countries. That’s a win for the U.S. steel industry, which has long complained about cheap imports — and urged Trump to resurrect the tariffs he implemented in his first term.

President Donald Trump's tariffs on steel imports this week are likely to wreak havoc on American auto manufacturing, industry leaders say.