Tag: tariffs
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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…
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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…
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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…
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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…
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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…
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US plans 30% tariffs on EU, Mexico
The U.S. will implement 30% tariffs on imports from the European Union and Mexico, effective Aug. 1, according to letters President Donald Trump posted on Truth Social Saturday morning. The announcements come amid a rush of country-specific duty proclamations from Trump, covering many of the country’s top trading partners, including Canada, Brazil, Japan and South…
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Tariffs keep contractors guessing on material costs
Listen to the article 7 min This audio is auto-generated. Please let us know if you have feedback. In the first half of the year, one word continued to appear in headlines surrounding broad economic and political change: “uncertainty.” Construction Dive’s Uncertainty Series seeks to delve into various topics swirling in uncertainty to explore how…
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New steel, aluminum tariffs will push construction costs higher
Listen to the article 6 min This audio is auto-generated. Please let us know if you have feedback. New tariffs on foreign steel and aluminum will raise construction costs further, adding to price spikes triggered by an initial 25% tariff on the materials earlier this year, according to a June 3 industry webinar hosted by…
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Apartment developers gear up for tariffs
Listen to the article 8 min This audio is auto-generated. Please let us know if you have feedback. As executives at Houston-based Camden Property Trust underwrite their apartment developments with tariffs on the horizon, they’re only figuring in a 2% to 3% increase in construction costs. With the ever-changing threat of tariffs from President Donald…
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It’s not too late to offset tariffs on existing jobs
Listen to the article 5 min This audio is auto-generated. Please let us know if you have feedback. Attorneys Stacy Bercun Bohm and Trav Clark focus on construction and related litigation matters at Miami-based law firm Akerman. Opinions are the authors’ own. The impacts of tariffs on imports from countries across the globe are being…