California's building sector is apprehensive about potential 25% tariffs on imports from Canada and Mexico, set to start on February 1. Companies like Ganahl Lumber Co. express concern over rising material costs, which could slow down construction projects due to diminished demand from developers unable to absorb the extra expenses. Experts advise contractors and builders to prepare for possible challenges and consider alternative materials. The tariffs are also anticipated to ripple through to consumers, complicating recovery efforts in areas like Los Angeles County after wildfires.
"I think tariffs would potentially be a negative impact on our industry," said Pete Meichtry, Ganahl's vice president of purchasing. "The tariffs may put a little bit of a damper on demand, just because..."
"We don't want to be alarmist, because we don't see pen to paper quite yet, but we are advising our clients that there could be challenges with tariffs..."
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