Take it easy on those 20-year-old vinyl or ceramic tile floors in your kitchen, new ones will likely not come cheap with potential new tariffs from the Trump administration today.
New research from Bank of America analyst Rafe Jadrosich finds that 40% of the ceramic tile market is imported. About 80% of the luxury vinyl tile market is imported. Roughly 35% of ceramic imports come from Italy and Spain, followed by 14% each from Mexico and India. China accounts for 50% of the imports of luxury vinyl tile.
You best hope you don't bust a bathroom pipe or short-circuit a 10-year-old dishwasher — both could become costlier too thanks to tariffs.
Read more: What Trump's tariffs mean for the economy and your wallet
Jadrosich pointed out that plumbing fixtures, valves, and rough plumbing are manufactured in China, in addition to upstream components imported from Asia.
Plumbing supplier play Fortune Brands Innovations (FBIN) has disclosed that 50% to 60% of its input costs come from outside the US, per Jadrosich.
Home improvement products supplier Masco (MAS) has said a 10% tariff on China would have an annualized impact of $45 million on profits before any mitigating actions like price hikes.
Jadrosich estimated that about 40% of the US appliance industry's sales are imported. About 43% of the industry's products are sourced from China, 20% from Mexico, and 11% from South Korea. Whirlpool (WHR) leans on Mexico and China for 20% of its cost of goods sold.
The most exposed building materials stocks to new tariffs include Whirlpool, Fortune Brands Innovations, Masco, and flooring player Mohawk Industries (MHK), Jadrosich said. All four stocks are down for the year and trailing the S&P 500 (^GSPC), with Whirlpool leading the way with a 20% tumble.
"The impact to housing stocks will depend on the details," Jadrosich warned.
Markets are on edge as worries about Trump's tariffs ripple through corporate America, with the threat of retaliation by trading partners adding to the potential impact of hiked duties.
Trump is expected to unveil his new tariffs on what he calls "Liberation Day" after the market closes today around 4:00 p.m. ET. How tariffs shake out are anyone's guess.
The administration has floated everything from a 20% universal tariff to ones that are more sector-based. Administration officials said Tuesday the tariffs would take effect immediately but hinted Trump would be open to negotiating them lower.
Watch: AMD CEO warns about impact of tariffs on semis
A 25% US tariff on imports of steel and aluminum from all countries already took effect on March 12.
Fresh tariffs would arrive as other countries have fired back.
China has implemented a 15% tariff on US chicken, wheat, corn, and cotton products, and an additional 10% tariff on sorghum, soybeans, pork, beef, seafood, fruits, vegetables, and dairy products. Canada has announced a 25% tariff on 30 billion Canadian dollars of US imports.
"The bigger picture is U.S. economic growth [GDP] revisions are being revised lower for the first time in years. Our view is there are downside risks to earnings given the lowering in economic growth estimates alongside risks to profit margins posed by tariffs," Truist co-chief investment officer Keith Lerner warned.
Brian Sozzi is Yahoo Finance's Executive Editor. Interact with Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Want to share your views on stocks and leaders? Email brian.sozzi@yahoofinance.com.
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