Tag: tariffs
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Rethinking Pricing as Tariffs Hit
Trump’s election will likely improve demand conditions for construction spending but also include risks based on tariffs, project timing, and completion due to labor and supply implications from policies. Early themes from builders, remodelers, and contractors indicate optimism from the election outcome partly due to clarity and certainty of administration tone for the next four…
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Canada’s construction industry braces for Trump impact
Then came the inauguration of Donald Trump as president, followed by the imposition of 25% tariffs on most goods in February, their month-long pause, their reimposition in March, followed by yet another pause. There has been months of speculation on the impact they will have on both sides of the border. View the original article and our…
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Balfour Beatty wary of tariffs amid profit dip
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. London-based builder Balfour Beatty hasn’t experienced any disruptions from regime change in Washington, but it is keeping an eye on tariffs coming from the U.S., CEO Leo Quinn told listeners during the company’s 2024 full-year earnings call…
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Balfour Beatty wary of tariffs amid profit dip
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. London-based builder Balfour Beatty hasn’t experienced any disruptions from regime change in Washington, but it is keeping an eye on tariffs coming from the U.S., CEO Leo Quinn told listeners during the company’s 2024 full-year earnings call…
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Tariffs shake up construction | Construction Dive
Contractors have been bracing for a trade war since President Donald Trump’s election in November. Now it has arrived. On Tuesday, Trump imposed a 25% tariff on goods from Mexico and most of Canada, along with an additional 10% tariff on Chinese imports. Those followed others the Trump administration rolled out quickly after taking office,…
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Trump’s new tariffs add pressure to construction pipeline
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. After months of bracing for tariffs, contractors now find themselves building through the latest escalation in a trade war. The Trump administration officially enacted a 25% tariff on imports from Mexico and Canada Tuesday, along with an…
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Construction spending slips as costs rise ahead of tariffs
Dive Brief: Nonresidential construction spending ticked down 0.2% in December to a seasonally adjusted annual rate of $1.24 trillion, according to an Associated Builders and Contractors analysis of U.S. Census Bureau data released Monday. Spending declined in nine of the 16 nonresidential subcategories on a monthly basis. Public nonresidential spending fell 0.5%, while private nonresidential…
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Trump takes action around energy, immigration, tariffs
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. President Donald Trump signed a series of executive orders on his first day in office Monday, many of them with repercussions for the construction industry. The actions embody a shift in federal priorities around critical issues like…