Tag: tariffs
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Caterpillar posts all-time Q3 sales record of $17.6B despite tariffs
Dive Brief: Caterpillar’s sales hit an all-time high of $17.6 billion during the third quarter, up 10% from last year, despite tariffs weighing on the company’s three major segments. Results came in higher than the company expected, driven by higher sales volumes across its construction, resources and energy and transportation segments, CEO Joseph Creed said…
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Copper Tariffs and Construction Site Theft: How Contractors Can Strengthen Security and Prevent Losses
Theft is a phenomenon that follows the news cycle. In a year marked by economic uncertainty and seismic changes in international trade, thieves have taken notice. Increasingly, they see opportunity on construction sites. With the August 1, 2025 rollout of 50% tariffs on semi-finished copper products entering the U.S., construction sites have suddenly become more…
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US to begin furniture, wood import tariffs on Oct. 14
The U.S. will implement new tariffs on wood imports as well as derivative products such as upholstered furniture and kitchen cabinets beginning Oct. 14, per an executive order signed by President Donald Trump Monday. Imports of softwood timber and lumber will face a 10% tariff rate, while upholstered wooden products, including couches, sofas and chairs,…
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Skanska Report Highlights 2025 Construction Market Trends Amid Tariffs and Rising Material Costs
Skanska has released its Summer 2025 Construction Market Trends Report, offering analysis on the impacts of tariffs, supply chain conditions and material pricing on the U.S. construction industry. According to the report, total construction starts rose 16% in June to a seasonally adjusted annual rate of $1.33 trillion, largely driven by manufacturing and data center…
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Appellate court rules Trump’s global tariffs illegal, but delays action
A federal appeals court on Aug. 29 ruled that President Donald Trump’s use of emergency powers to impose broad tariffs was illegal, but delayed any action until mid-October in anticipation of a Supreme Court review. In a 7-4 decision, the Court of Appeals for the Federal Circuit sided with the Court of International Trade, which…
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Covering Tariffs in Concrete: State of the Concrete Industry
Peter Bigwood, general manager at Mecalac North America, shares his insight into the state of the concrete industry and the challenges contractors are managing daily. Concrete Contractor connected with Bigwood over email in June 2025. Q. What have been the biggest challenges for concrete contractor suppliers so far in 2025? Peter BigwoodMecalac North AmericaThe usual…
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Trump plans 100% tariffs for semiconductor imports
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. President Donald Trump plans to impose tariffs of “approximately 100%” on semiconductor imports, he said during a press briefing at the White House on Wednesday. Trump did not provide details about when the tariffs would go into…
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Dominion’s offshore wind project sees slight price hike from tariffs, CEO says
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Dominion Energy’s 2.6-GW Coastal Virginia Offshore Wind project is still on schedule for completion by the end of 2026, and should qualify for Inflation Reduction Act tax credits under the new safe harbor deadlines, the utility’s…
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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…