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In light of recent disputes, international construction firms are rethinking how they draft force majeure and price escalation provisions to better address tariff-induced cost increases. While traditional force majeure...more
In light of recent Executive Orders issued by President Trump concerning tariffs, countries around the world—including the United States—have been forced to reassess existing trade and contractual frameworks. The construction...more
April 5, 2025 was a seminal day for both the construction industry and the Trump Administration. It was the day reciprocal tariffs on widely used construction materials were to go into effect. The Trump Administration’s...more
“What goes up might take us upside down. Life ain’t a merry-go-round; it’s a roller coaster.” – Bon Jovi The song may not have been about international trade, but the lyrics are certainly fitting for today’s unpredictable...more
The Impact of Tariffs on Construction Costs - As construction costs continue to soar, the industry is bracing for even sharper increases in 2025. Tariffs on key materials—iron, steel, and lumber—are expected to drive up...more
President Trump recently announced new and increased tariffs affecting key construction materials. The on-again, off-again nature of the Trump Administration’s tariff measures are contributing to the economic uncertainty in...more
The 25 Percent Tariff on Canadian and Mexican Products - On March 3, 2025, the Trump administration announced that the United States would proceed with its anticipated plan to impose a 25 percent tariff on products imported...more