New York construction industry could be hit hardest as Canadian U.S. trade war continues

By Emma Quinn
CNYCentral.com
August 31, 2026
Category: Finance & Economics
Region: United States, US East

CAPITAL REGION, New York — Starting next week, Canadian retaliatory tariffs are taking effect. The tariffs are up to 50% on American products. The tariffs are projected to impact $20 billion worth of American goods; materials like lumber, steel, and dairy could be the hardest hit. We see data coming out of the Fed that shows that 90% of the costs of tariffs are passed along to, you know, U.S. businesses and consumers,” said Justin Wilcox, of Upstate United. “That’s having an impact on people’s pocketbooks at a time when they can least afford it.” …The National Association of Home Builders predicts a $10,000 to $14,000 increase per home. …According to an April 2026 report from the New York State Comptroller, Canada is the state’s most significant trading partner. In 2025, exports to Canada declined by $3.8 billion due to tariffs.

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