Tag: Tariff
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Construction weighs tariff hopes, doubts in H2 2025
Listen to the article 9 min This audio is auto-generated. Please let us know if you have feedback. Five months after President Donald Trump’s Liberation Day on April 2, nearly every project that breaks ground carries a higher price tag. Steel, aluminum, copper and a host of other inputs today carry hefty import duties as…
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EU tariff deal includes lumber, steel and copper
The United States and the European Union formalized the terms of the framework trade agreement the two trading partners announced at the end of July, per a joint statement published by the White House Thursday. The statement provides additional clarity and detail surrounding the terms U.S. President Donald Trump and European Commission President Ursula von…
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Tutor Perini fends off tariff impacts as backlog doubles
Listen to the article 7 min This audio is auto-generated. Please let us know if you have feedback. For years, Tutor Perini executives have asked investors for patience as the company worked through dispute resolutions on older projects and ramped up new, multibillion-dollar jobs. That patience is now paying off. The Los Angeles-based contractor had…
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Jacobs cashes in on data center, AI boom despite tariff uncertainty
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Though some builders are experiencing a slowdown, Jacobs is taking advantage of high-growth construction sectors, according to its fiscal third quarter earnings call on Tuesday. The Dallas-based contractor cited strong demand across advanced facilities and consulting services,…
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Stanley Black & Decker to raise prices again, navigate $800M tariff impact
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Stanley Black & Decker plans to raise its prices again this year as tariff costs continue to weigh on the world’s largest toolmaker. The company initially expected a tariff impact as high as $1.7 billion,…
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Construction costs rise as tariff clock ticks
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Construction input prices ticked up 0.2% in June, driven by increases in key materials such as copper and fabricated structural metal products, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor…
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Tariff fallout leads to layoffs at Massachusetts concrete firm
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Pittsfield, Massachusetts-based Unistress Corp. and its subsidiary, Berkshire Concrete Corp., are laying off 233 workers, according to a Massachusetts Worker Adjustment Retraining Notification notice filed for the week ending June 27. CEO Perri Petricca said…
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Skip The Tariff Talk: 20 Made In America Home Brands We Love
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Let down your guard: this is not a stuffy lecture about buying American-made product. (I’m sure you’ve heard enough of that on the news over the past few months!) I’m not here to stoke your tariff fears or to shame you for buying globally-sourced home goods. I am here, however, to provide a resource –…
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Public builders flag initial tariff impacts
In the first earnings season for public construction companies since President Donald Trump announced blanket tariffs for most countries on April 2, C-suite executives mostly downplayed the impacts of that policy shift. Leaders at Irving, Texas-based Fluor, for instance, told investors that most of their customers were forging ahead with plans in spite of broader uncertainty.…
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Stanley Black & Decker raises prices to mitigate tariff impacts
Revenue: $3.7B Down 3% year over year Net Earnings: $90.4 million Up nearly 4x YoY EPS: 60 cents Versus 13 cents YoY Dive Brief: Stanley Black & Decker is raising its prices and retooling its supply chain to mitigate tariff impacts, executives said on an April 30 earnings call. The tools manufacturer…