Those tariffs could impact businesses in many different industries including construction.
I talked to a local, veteran-owned company in Nashville to see how they're bracing for the change.
"I got out of the military in 2023, I served 17 and a half years in the service," said Vagif Alex Seidov, founder of HBG Companies, including HBG Supply.
In addition to work as a developer and builder, HBG supplies PVC electrical pipe for building projects, the company imports nearly 4 million feet of pipe every month.
"Electricians will then come and buy these goods and install it in homes that are built here in Tennesseee," Seidov said.
Approximately 50 percent of the pipe they sell comes from China.
According to Seidov, it's a bit of a waiting game to see how it all shakes out.
"I think waiting, maybe a little bit. That's what we're doing as a company, just kind of waiting to see what happens," Seidov said.
One way his company is looking to mitigate the impact of the tariffs is to purchase products from countries that won't be impacted by them, around half their pipe comes from Saudi Arabia.
However, diversifying where items are purchased can only do so much.
According to Seidov, for businesses like his to operate, the cost of the tariff eventually has to be passed on to the consumer and with housing budgets already stretched thin, that could have a major impact on his business.
"If the market reacts adversely to the increases in price and stops our sales, we're talking potentially a year, maybe 16 months and we'd have to stop operations and regroup," Seidov said.
Seidov has confidence in the president though.
"The Trump administration, I think they've got a lot of smart folks, and I think they want to make a deal happen," said Seidov. "I believe that they don't want collateral damage. I know that he cares about small business and business in America, I think it will all shake out."
Do you have more information about this story? You can email me at robb.coles@newschannel5.com.
I'm not sure there is a story that's brought a bigger smile to our faces than this one celebrating Ms. Marie. The story of her service during World War II is amazing in itself — she is a true Rosie the Riveter! What was also amazing was to see was how an entire community turned out to celebrate her. You've got to check this out!
-Carrie Sharp
