Tag: tariffs
-
Skanska Report Highlights 2025 Construction Market Trends Amid Tariffs and Rising Material Costs
Skanska has released its Summer 2025 Construction Market Trends Report, offering analysis on the impacts of tariffs, supply chain conditions and material pricing on the U.S. construction industry. According to the report, total construction starts rose 16% in June to a seasonally adjusted annual rate of $1.33 trillion, largely driven by manufacturing and data center…
-
Appellate court rules Trump’s global tariffs illegal, but delays action
A federal appeals court on Aug. 29 ruled that President Donald Trump’s use of emergency powers to impose broad tariffs was illegal, but delayed any action until mid-October in anticipation of a Supreme Court review. In a 7-4 decision, the Court of Appeals for the Federal Circuit sided with the Court of International Trade, which…
-
Covering Tariffs in Concrete: State of the Concrete Industry
Peter Bigwood, general manager at Mecalac North America, shares his insight into the state of the concrete industry and the challenges contractors are managing daily. Concrete Contractor connected with Bigwood over email in June 2025. Q. What have been the biggest challenges for concrete contractor suppliers so far in 2025? Peter BigwoodMecalac North AmericaThe usual…
-
Trump plans 100% tariffs for semiconductor imports
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. President Donald Trump plans to impose tariffs of “approximately 100%” on semiconductor imports, he said during a press briefing at the White House on Wednesday. Trump did not provide details about when the tariffs would go into…
-
Dominion’s offshore wind project sees slight price hike from tariffs, CEO says
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Dominion Energy’s 2.6-GW Coastal Virginia Offshore Wind project is still on schedule for completion by the end of 2026, and should qualify for Inflation Reduction Act tax credits under the new safe harbor deadlines, the utility’s…
-
Tariffs sap Fluor’s backlog, trigger project cancellations
Fluor reported three months ago that clients were forging ahead with projects despite trade headwinds. Now, many are hitting pause, the company said on its Friday second quarter earnings call. “Over the past couple of months, we’ve seen more clients continue to take a wait-and-see approach due to a variety of reasons, including ongoing trade…
-
US, EU agree to lower tariffs in ‘framework’ deal
The U.S. and the European Union have established the framework of a deal that could set tariffs to 15% for most imports from the bloc. As part of the pact, the EU would also purchase $750 billion worth of U.S. energy exports over the next three years, while investing $600 billion into the country, President…
-
Rising Tariffs and Labor Shortages Drive Demand for Faster Project Delivery with AWP
The latest round of tariffs from the Trump administration is driving construction input costs up 41% since February 2020, impacting materials like steel, copper, and aluminum. Even domestic projects are feeling the pinch, as supplier pricing reacts to broader market uncertainty. At the same time, workforce shortages are worsening — with 91% of contractors reporting…
-
Rising Tariffs and Labor Shortages Drive Demand for Faster Project Delivery with AWP
The latest round of tariffs from the Trump administration is driving construction input costs up 41% since February 2020, impacting materials like steel, copper, and aluminum. Even domestic projects are feeling the pinch, as supplier pricing reacts to broader market uncertainty. At the same time, workforce shortages are worsening — with 91% of contractors reporting…
-
Households with solar panels missing out on hundreds of pounds by sticking with Feed In Tariffs, report suggests
Solar homeowners still on the government’s Feed-in Tariff (FiT) scheme could be missing out on significantly higher earnings by switching to the Smart Export Guarantee, according to a recent report. The analysis highlights that many households can boost their export payments by hundreds of pounds annually without affecting their existing generation income. With Smart Export…