Tag: Tariff
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Tariff Pressures Mount as Construction Backlog Hits 8.5 Months
The latest data from Associated Builders and Contractors (ABC) shows a slight uptick in construction backlog across nonresidential sectors, but growing concerns over newly announced tariffs are beginning to influence contractor confidence. According to ABC’s Construction Backlog Indicator, the average backlog among surveyed contractors increased to 8.5 months in March, up 0.3 months from the…
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Roche, answering tariff threat, pledges $50B to US drug production
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Roche is the latest drugmaking planning to expand drug production in the U.S., announcing Tuesday a pledge to spend $50 billion over five years on new and existing manufacturing facilities in several states. The…
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Cut Tariff Costs with Smarter Material Choices via Ansys Granta
With new waves of import tariffs creating uncertainty across global supply chains, engineering and sourcing teams are being pushed to rethink how they select materials. For companies designing and manufacturing physical products, these changes don’t just impact procurement—they threaten timelines, margins, and product performance. That’s where Ansys Granta comes in. Granta provides powerful materials intelligence…
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Your contract can mitigate tariff impacts, if you know where to look
Listen to the article 6 min This audio is auto-generated. Please let us know if you have feedback. Mason Hester and Austin Moorman are construction attorneys in the Dallas office of law firm Munsch Hardt. Opinions are the authors’ own. The construction industry, and the larger market itself, is facing uncertainty in light of the…
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Tariff fallout hits contractor confidence
Dive Brief: Backlog improved but contractor confidence still dropped in March as tariff-related impacts dampened some bullishness, according to an Associated Builders and Contractors survey conducted from March 20 to April 6. Around 80% of contractors said suppliers notified them of tariff-related materials price increases, while 20% had projects paused or interrupted because of tariffs…
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Construction materials costs rise for third month on tariff pressures
Dive Brief: Construction input prices increased 0.5% in March, while nonresidential input prices climbed 0.6%, both unusually steep jumps, according to an analysis by Associated Builders and Contractors of U.S. Bureau of Labor Statistics data. Both overall and nonresidential input prices are now 0.8% higher than a year ago and sit more than 40% higher…
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Amid tariff turmoil, Novartis commits to spending $23B on US manufacturing
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Novartis will substantially expand its U.S. footprint, announcing Thursday plans to spend $23 billion over five years to build six new factories, expand three existing ones and add a new research and development hub. The…
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Tariff tensions threaten Canada’s construction market
Listen to the article 6 min This audio is auto-generated. Please let us know if you have feedback. In recent months, large Canadian construction companies have performed more strongly in the stock market than their American counterparts, but contractors in both countries face uncertainty and fallout from President Donald Trump’s trade policies. Among the levies…
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China readies 34% tariff on US imports starting April 10
China will levy a 34% tariff on imported goods originating from the U.S. on April 10, matching the duty the Trump administration will place on the country, China’s Ministry of Finance announced Friday. Products shipped before April 10 and imported into China by May 13 will not be affected by the action, per the Finance…
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Tutor Perini unfazed by Trump’s tariff, funding actions
Listen to the article 6 min This audio is auto-generated. Please let us know if you have feedback. Tutor Perini sees bluer skies ahead, with hopes for a return to profitability in 2025 after reporting another loss for the year. Despite recent market concerns about the Trump administration’s new tariffs and scrutiny of federal spending,…