New U.S. tariffs on steel and aluminum imports are going to have major consequences for a multitude of manufacturing segments around the globe, but the HVAC industry looks to be particularly impacted.

The tariffs on imported metals officially took effect on March 23, with a 25 percent tariff on steel and a 10 percent tariff on aluminum. Mexico and Canada were exempted from the changes, at least in the short-term, and President Donald Trump said other countries around the globe could potentially negotiate with the White House for exemptions as well.