image: Caylor Industrial Sales

Industry Braces for Tariff Consequences

April 10, 2018

Via: ENR

Faced with a possible trade war erupting from a barrage of threats and counterthreats exchanged between the U.S. and China over tariff impositions, construction economists and equipment manufacturer representatives say the industry is growing increasingly edgy about the gathering unknowns and potential financial impacts on operations.

The industry is looking at a time of “intense uncertainty,” says Dennis Slater, president of the Association of Equipment Manufacturers (AEM). “Imposing U.S. and Chinese tariffs on construction and agricultural goods will cause economic damage to both consumers and producers in the world’s two largest economies.”

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