Steel and aluminum are essential for high-rise construction, and are often cheaper to produce in countries like China, Mexico or Canada, one expert said.

President Donald Trump’s tariffs on steel and aluminum imports are driving up the costs of some of manufacturing's smallest components, including screws, nails and bolts, The Wall Street Journal reported Sunday.

With President Donald Trump having enacted broad tariffs on the import of foreign steel and aluminum into the U.S. on March 12, several onlookers have speculated as to the impact that these