Tag: Tariff
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Tariff worries force firms to rethink contracts
Listen to the article 11 min This audio is auto-generated. Please let us know if you have feedback. This feature is a part of “The Dotted Line” series, which takes an in-depth look at the complex legal landscape of the construction industry. To view the entire series, click here. Contractors are bracing for a fresh wave…
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What the Steel and Aluminum Tariff Could Mean for Construction
In an effort to protect America’s steel and aluminum industries, on February 11, President Trump signed proclamations to close loopholes, restoring a “true” 25 percent tariff on steel, raising the tariff from 10 to 25 percent on aluminum. As quickly as President Trump addressed these tariffs on what are vitally imported construction materials, it didn’t…
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Contractors brace for steel, aluminum tariff impacts
Listen to the article 6 min This audio is auto-generated. Please let us know if you have feedback. Tariffs on steel and aluminum could do more than curb imports — they could put the brakes on construction activity, too. President Donald Trump signed executive orders on Feb. 10 implementing 25% tariffs on all steel and…
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Tariff fears tied to biggest construction cost jump in 2 years
Dive Brief: Construction input prices jumped 1.4% in January, marking the largest monthly increase in two years, according to an analysis by Associated Builders and Contractors. Energy costs drove much of that increase, with crude petroleum, natural gas and unprocessed energy all rising. However, the price jump also stems from a rush to purchase materials…
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Construction Industry Could Face Tariff Trouble
As the new year is starting up and U.S. citizens turn their sights to the 2025-2029 term president-elect Donald Trump’s new term and what it could mean, some of the construction industry is beginning to worry about the proposed tariffs. It has been anticipated that the Trump administration will place high tariffs on China, Mexico,…