Tag: tariffs
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Tariffs trigger pauses on some retail, industrial real estate deals
While it’s too soon to know exactly how tariffs will impact the commercial real estate market, some early cracks are emerging in the retail and industrial sectors, according to Whitley Collins of CBRE, the commercial real estate services company. “If you just look at the tariffs…the biggest impact is on retailers and then the knock-on…
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Fluor says most customers forging ahead despite tariffs
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. In his first earnings call as CEO of Irving, Texas-based Fluor, Jim Breuer addressed questions about how current trade and tariff policies are affecting the contractor and its clients. Breuer, the company’s former COO, took the reins…
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‘There is a skill deficit in quantity surveyors’
A selection of readers’ comments about news and issues in the industry from across the CIOB community and social media. Image: Dreamstime.com What can we do about the shortage of quantity surveyors? Ken Hubble MCIOB sent us a letter about an important challenge facing the industry and what he believes would fix it. From my…
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Martin Lewis says Trump tariffs will bring UK energy bills down ‘but only a little’
Donald Trump’s new trade tariffs are rippling through global energy markets, and UK households could feel the benefit. According to MoneySavingExpert founder Martin Lewis, the “Trump effect” is helping to drive down wholesale energy prices, which means a small drop in domestic bills is likely this summer. The change comes in the wake of US…
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Navigating Transit Tariffs: Strategic Solutions for Agencies
In recent years, the landscape of public transit has been significantly influenced by various economic factors, and now these include tariffs. These tariffs, imposed on imported goods, are expected to lead to increased costs for hardware components essential to transit operations. As transit agencies deal with these financial challenges, it is important to develop a…
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JCB plans San Antonio factory expansion to dodge Trump’s tariffs
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Heavy machinery maker JCB announced earlier this month that it’s doubling the size of its upcoming San Antonio factory in an effort to evade President Donald Trump’s tariffs. The revised Texas site plan, which is still…
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Four ways construction can navigate Trump’s tariffs
Uncertainty is usually a cause for concern in construction. However, it is nothing new to the UK market. Recent years have seen Brexit, covid, war in Ukraine and more. The effects of the tariffs are likely to be another in a long line of challenges affecting the supply chain. The industry has proven itself to…
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Tariffs will change the way projects are financed, delivered
Listen to the article 7 min This audio is auto-generated. Please let us know if you have feedback. Brian Gallagher is vice president of corporate development at Oakbrook Terrace, Illinois-based contractor Graycor. Opinions are the author’s own. The cost of building has never been more volatile. Tariffs on key construction materials like steel, aluminum and…
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Trump’s tariffs threaten to derail UK’s homebuilding market
The UK’s homebuilding sector is fearful of the challenges imposed by President Donald Trump’s 10% tariffs on all UK imports to the U.S. The new tariffs, which have disrupted trade between the US and the UK, could potentially drive up how much it costs to build a house and delay key housing projects. This could…
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Tariffs & Trade: Shaping the Future of Metal Construction & Design
Navigating a turbulent economic landscape has become the order of the day for the metal construction industry. In a recent webinar hosted by METALCON Online, industry leaders came together to discuss the impacts of tariffs, supply chain disruptions and shifting market dynamics on the metal construction sector. With METALCON 2025 approaching, now is the time…