Tag: tariffs

March 24, 2022

The agreement with the U.K. comes after the U.S. struck similar deals to ease steel and aluminum tariffs with Japan and the European Union. The U.K. will be able to export 500,000 metric tons of finished steel and 900,000 metric […]

November 20, 2019

As the market reaches the late stages of the recovery cycle, experts don’t predict an impending downturn in the U.S., bolstered in part by increases in public-sector work, according to economic forecasts analyzed by ENR. “We’re not expecting a recession […]

November 5, 2019

The OEM, seen as an economic bellwether for the construction industry, has been affected not only indirectly by its customers’ worries over a U.S.-China trade war, but also directly by an increase in tariffs. In July, Caterpillar said it paid […]

October 25, 2019

More than 1,000 days into the current administration, there is no escaping that the “Trump tariffs,” as they have come to be known, have caused a significant hike in material costs on most construction projects. The tariffs on imported materials […]

July 26, 2019

The steel and aluminum tariffs imposed in 2018 had a significant effect on Caterpillar, with Bonfield last year citing material costs up 2% due to higher steel prices, but the effects appear to be stabilizing now. “It’s now been a […]

December 11, 2018

The Wall Street Journal recently reported that the Trump administration might be willing to make some compromises in order to seal a deal with Democrats for the type of massive infrastructure program that failed to get off the ground last […]

November 16, 2018

General contractors and subcontractors are facing a mixed bag these days. On the one hand, they’re experiencing strong, even record demand with backlogs averaging over nine months. But the volatile nature of rising material prices, fueled by tariffs and trade […]

August 31, 2018

Strange as it might seem, the threat of administration-imposed tariffs has not slowed investment in America’s ports. The extremely large megaships are coming through the Suez Canal headed to America and U.S. ports will be ready. Most are already engaged […]

August 27, 2018

Mortenson tracks costs in several U.S. markets, and tariffs have affected the company’s projections for them all through the rest of the year, although the expected cost increases vary from metro to metro. In Chicago, the company expects cost increases […]

August 17, 2018

The U.S. quarter-to-quarter annualized advance in gross domestic product (GDP) in the second quarter of this year was an outsized +4.1%. It was the fastest leap forward since 2014’s third quarter jump of +4.9%. Some of the strength has been […]

August 14, 2018

Skanska and AECOM Hunt have a challenging task ahead, and that is completing the renovation without changing the KeyArena’s roofline, which cannot be altered because of its designation as a historical landmark. Renovating buildings that have an illustrious and protected […]

June 21, 2018

China has also pushed back against the U.S. for leveling steel (25%) and aluminum (10%) tariffs earlier this year. In April, the country filed a complaint with the World Trade Organization claiming that the tariffs violate international trade laws. The […]