US construction goods could face tariffs in the UK as the government grapples with how to respond to Donald Trump\u2019s 10 per cent import tax.<\/p>\n
It comes as share prices of some major construction firms dived on Friday (4 April).<\/p>\n
The Department for Business and Trade has released an indicative list<\/a> naming a swathe of building materials that could be hit.<\/p>\n Items in the scope of tariffs include bricks, ceramic constructional goods including sinks and toilets, steel, glass, pipes and fused silica.<\/p>\n Business Secretary Jonathan Reynolds said he wanted companies to respond to a four-week consultation to help shape his department\u2019s response.<\/p>\n \u201cThe best interests of British business has shaped our approach throughout as we prepare for all scenarios, which is why we are asking them for their views on how these tariffs impact their operations and day-to-day lives,\u201d he said.<\/p>\n Meanwhile, share prices of several listed construction firms took a hit on Friday as the markets reacted to the US President\u2019s actions, pushing the overall FTSE100 down by 1.65 per cent.<\/p>\n Balfour Beatty<\/a>\u2019s share price was down by 2.4 per cent, as of 10.30am. It has fallen 5.19 per cent this week.<\/p>\n Ground engineering firm Keller, which is listed in London but carries out most of its work in the US, saw its shares drop by 1.58 per cent.<\/p>\n Morgan Sindall<\/a>\u2019s share price was down by 1.8 per cent, while Costain<\/a>\u2019s fell 3.17 per cent.<\/p>\n