Insulation industry news from Global Insulation

Ukraine: The Interagency Commission on Foreign Trade will introduce tariffs to all imports of flexible porous polyurethane foam. The duty on these goods will be 11.22% when the decision takes force, 10.66% after 12 months, and 10.13% after 24 months, according to Interfax. The latest tariffs follow imports on other building materials that are mainly targeted at Russia.

US/China: The Office of the US Trade Representative has started implementing a 10% tariff on mineral and other products from China, including mineral wool products, following a consultation period. Mineral products affected by the proposed tariffs of interest to the insulation industry include: slag wool, rock wool and similar mineral wools, in bulk, sheets or rolls; and nonwoven glass wool insulation products. The latest tariff list follows an earlier decision by the US government to tax imports from China worth US$34bn that came into force in early July 2018.

New Zealand: Import tariffs on a range of building materials have been suspended in a move that is estimated to reduce the cost of a new home by US$3500. The suspension was announced in the May budget and comes into effect on 1 July 2014.

"The building materials covered by the tariff suspension comprise about 90% of the cost of the material in an average new house," said housing minister Nick Smith. He added that the tariffs would be suspended for five years. "It includes materials such as roofing, cladding, framing, windows, doors, insulation, plumbing and electrical components."

The government has already removed anti-dumping duties for building materials as part of its strategy to bring down the cost of new homes. "There is no single magical solution. It is about making a whole lot of changes that aggregate together to make homes more affordable," said Smith.