Tag: tariffs
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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…
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Construction costs dip, but tariffs hike some materials’ prices
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Construction input prices decreased 0.1% in April compared to the previous month, while nonresidential construction costs continued their upward march and rose 0.2%, according to an Associated Builders and Contractors analysis of U.S. Bureau of…
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Why Trump’s tariffs alone aren’t enough
Listen to the article 6 min This audio is auto-generated. Please let us know if you have feedback. Brian Gallagher is vice president of corporate development at Oakbrook, Illinois-based contractor Graycor. Opinions are the author’s own. I’ll go out on a limb with what may be an unpopular sentiment at the moment: President Donald Trump’s…
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Tariffs trigger pauses on some retail, industrial real estate deals
While it’s too soon to know exactly how tariffs will impact the commercial real estate market, some early cracks are emerging in the retail and industrial sectors, according to Whitley Collins of CBRE, the commercial real estate services company. “If you just look at the tariffs…the biggest impact is on retailers and then the knock-on…
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Fluor says most customers forging ahead despite tariffs
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. In his first earnings call as CEO of Irving, Texas-based Fluor, Jim Breuer addressed questions about how current trade and tariff policies are affecting the contractor and its clients. Breuer, the company’s former COO, took the reins…
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‘There is a skill deficit in quantity surveyors’
A selection of readers’ comments about news and issues in the industry from across the CIOB community and social media. Image: Dreamstime.com What can we do about the shortage of quantity surveyors? Ken Hubble MCIOB sent us a letter about an important challenge facing the industry and what he believes would fix it. From my…