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The Materials Tax: Tariffs on Raw Materials

Tariffs on raw materials — lumber, oil, rare earths, rubber — flow through to every finished product. They raise the cost of building homes, making cars, and producing energy.

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The average tariff rate on raw materials products is 16.9%, with rates ranging from 0% to 54%. 10 of 12 products had zero tariffs before 2025 — these are entirely new taxes.

Average Rate

📊

16.9%

Highest Rate

🔥

54%

Products Tracked

📦

12

New Since 2025

🆕

10

products with 0% pre-2025

All Raw Materials Products — Sorted by Tariff Rate

Rare Earth Elements

54%

Critical minerals from China facing steep tariffs.

1 kg neodymium

$120→$185(+54%)
HTS 2846.90New since 2025

Lumber (Softwood)

39.5%

Canadian softwood lumber with stacked duties.

1000 board feet

$400→$558(+40%)
HTS 4407.11Was 14.5%

Cobalt

34%

Cobalt primarily from DRC, processed in China.

1 ton cobalt

$33,000→$44,220(+34%)
HTS 8105.20New since 2025

Cement

25%

Imported cement from Mexico, Canada, Turkey.

1 ton cement

$130→$163(+25%)
HTS 2523.29New since 2025

Crude Oil

10%

Canadian crude oil faces 10% IEEPA tariff.

Barrel of oil

$70→$77(+10%)
HTS 2709.00New since 2025

Natural Gas

10%

Imported natural gas from Canada.

1 MMBtu

$3.5→$3.85(+10%)
HTS 2711.11New since 2025

Rubber (Natural)

10%

Natural rubber from Thailand, Indonesia, Vietnam.

1 ton natural rubber

$1,800→$1,980(+10%)
HTS 4001.22New since 2025

Nickel

10%

Nickel from Indonesia, Philippines, Russia.

1 ton nickel

$16,000→$17,600(+10%)
HTS 7502.10New since 2025

Glass (Flat)

10%

Flat glass from China, Mexico, Japan.

100 sq ft sheet glass

$200→$220(+10%)
HTS 7005.29Was 4%

Iron Ore

0%

Iron ore imports mostly exempt; US has domestic supply.

1 ton iron ore

$110→$110(+0%)
HTS 2601.11New since 2025

Cotton (Raw)

0%

US is net cotton exporter.

1 bale cotton

$350→$350(+0%)
HTS 5201.00New since 2025

Uranium

0%

Uranium exempt from current tariff actions.

1 lb U3O8

$85→$85(+0%)
HTS 2844.10New since 2025

Before vs. After: Rate Comparison

ProductPre-2025 RateCurrent RateIncreasePrice Impact
Rare Earth Elements0%54%+54pp+$65
Lumber (Softwood)14.5%39.5%+25pp+$158
Cobalt0%34%+34pp+$11,220
Cement0%25%+25pp+$33
Crude Oil0%10%+10pp+$7
Natural Gas0%10%+10pp+$0.35
Rubber (Natural)0%10%+10pp+$180
Nickel0%10%+10pp+$1,600
Glass (Flat)4%10%+6pp+$20
Iron Ore0%0%+0pp+$0
Cotton (Raw)0%0%+0pp+$0
Uranium0%0%+0pp+$0

📰 Related Analysis

Read: china decoupling →

Browse Other Categories

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How Much Are Raw Materials Tariffs Costing You?

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