Take it easy on the 20-year-old tile floors of your kitchen. New will probably not be cheap if the Trump administration today imposes new rates.
New research by Bank of America analyst Rafe Jadrosich showed that 40% of the market for ceramic tiles is imported. About 80% of the luxury vinyl tile market is imported. About 35% of ceramic imports come from Italy and Spain, followed by 14% each from Mexico and India. China accounts for 50% of the input of luxury vinyl tile.
Those tile floors, together with bathroom fixtures and dishwashers, were emphasized as three common household items that could see higher prices with new rates.
Read more: What Trump's rates mean for the economy and your wallet
Jadrosich added that sanitary luminaires, valves and rough sanitary facilities are made in China, imported from Asia in addition to electric components.
Sanitair supplier Play Fortune Brands Innovations (FINB) has announced that 50% to 60% of the input costs of outside the US comes by Jadrosich.
Home Improvement Products Supplier Massco (MAS) has said that a rate of 10% on China would be an annual basis of $ 45 million on a profit for the limiting actions such as price increases.
Jadrosich estimated that around 40% of the turnover of the American device industry is imported. About 43% of industry products are from China, 20% from Mexico and 11% from South Korea. Whirlpool (WHR) leans on Mexico and China for 20% of the costs of goods sold.
The most exposed building materials for new rates include Whirlpool, Fortune Brands Innovations, Masco and floor player Mohawk Industries (MHK), Jadrosich said. All four shares have fallen for the year and behind the S&P 500 (^GSPC), with whirlpool in front with a tumbling of 20%.
“The impact on home stocks depends on the details,” Jadrosich warned.
From 10:21:53 am Edt. Market open.
WHR FIN Mas
Markets are on the outskirts as concerns about Trump's rates that are by the American business community, with the threat of retaliation by trading partners that contribute to the potential impact of increased tasks.
From Trump is expected to reveal his new rates about what he calls 'Liberation Day' after the market is closed today around 4 p.m. How rates shaking is the gamble.
The administration has driven everything, from a universal rate of 20% to that are more based on sector. Administration officials said on Tuesday that the rates would immediately come into force, but hinted that Trump would be open to negotiate them lower.
Watch: AMD CEO warns of the impact of rates on Semis
An American rate for imports of steel and aluminum from all countries came into effect on March 12.
