How Trade War Tariffs Affects Everyone with an HVAC System
Since March 2018, the US created a 25% tariff on imported steel. Since May 2018, a 10% tariff on imported aluminum. The price of any product made with imported steel or aluminum is affected, including heating and cooling units. Soon after the tariffs took affect, US HVACR manufacturers sent out letters warning about impending price increases.
To make matters more difficult, in July 2018, President Trump added additional tariffs on even more imports. These included air and gas compressors, industrial heating equipment, and electrical equipment. Tubing, scientific equipment, and measuring equipment for electrical currents were also charged. All these costs can increase your cost, anywhere from your window AC unit to larger commercial installations.
The Air Conditioning, Heating and Refrigeration Institute (AHRI),and the Air Conditioning Contractor’s Association (ACCA) are just two organizations that opposed the tariffs. They could see the negative impacts increased tariffs would have on consumers and contractors, as well as the greater construction industry. Manufacturers are continuing to attempt to get exemptions or reverse the tariffs. In the meantime, some US companies are absorbing some of the cost themselves. Some may have even stock piled steel and aluminum products to help transition customers to new price points. Either way, all HVAC consumers and contractors are being affected.
This may be important to you if you are considering upgrading or installing a new HVAC system. Feel free to talk with your HVAC contractor about the tariffs, the effects they may have on your bottom line, and ways in which you can plan around them. You can save energy and money with energy audits and up-to-date HVAC maintenance. You can also consider designing your HVAC system using green technology. These are just a few ways your mechanical contractor can assist you. Times and pricing may be changing, but your HVAC contractor can be a great and trusted resource.