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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
The “reciprocal” tariffs announced on April 2nd, 2025, by the Trump administration to address what Trump declared a "large and persistent U.S. trade deficit," were one of the largest shocks to the international trade industry...more
The Trump administration's imposition of tariffs on steel, aluminum, lumber, and other construction materials, in combination with increased tariffs on raw materials and finished goods from China, Japan, the EU, and...more
In recent months, changes to tariff laws have had a significant impact on the construction industry. With looming disruptions to global supply chains and material costs rising, there are a number of commercial and legal...more
Duties on steel and aluminum have already had a significant impact on the construction industry. Participants in the construction industry have a very short window in which to weigh in on changes that could increase the...more
In today's episode of Contract Crunch: The Impact of President Trump's Tariffs on the Construction Industry, we delve into the intricate world of tariffs and their extensive effects on the construction sector. We'll examine...more
In the face of increased tariffs, including a 14.38% tariff on Canadian lumber, the lumber market is undergoing developments that could have substantial implications for construction projects across Texas. It is important to...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
Since February 2025, numerous tariffs affecting the construction industry have been announced, imposed, and paused. These tariffs present a problem for parties drafting and negotiating construction contracts—namely how to...more
Tariff Policy Shifts Introduce New Real Estate Risks - Over the past few months, there have been significant changes to tariffs by the United States and other countries around the world....more
This paper is the third installment in a series examining the multifaceted impacts of tariff and trade policies. By delving into the nuances of these policies, we aim to provide valuable insights and perspectives that will...more
Since President Trump took office on January 20, 2025, the administration has implemented significant changes to U.S. trade policy, including most notably with respect to tariffs. Within weeks of taking office, the White...more
The newly announced tariff policy from the United States has upended expectations for the global economy. The US tariffs are poised to potentially reshape global supply chains, impact regulatory compliance, and pressure...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
In the wake of the recent U.S. presidential administration transition, the construction industry is poised to experience significant shifts. As the Trump administration takes office, industry leaders and stakeholders should...more
On March 4th, President Donald Trump imposed 25% tariffs on goods imported from Mexico and Canada, the United States’ two largest trading partners. Two days later, those tariffs were largely lifted as President Trump signed...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
The 2025 steel and aluminum tariffs are already reshaping cost structures in the construction sector, adding financial pressures to an industry that had hoped for more stability this year. On March 4, 2025, the U.S. imposed a...more
On Nov. 25, 2024, then-President-Elect Donald Trump announced via social media his intention to impose 25 percent tariffs on materials provided by Mexico and Canada, as well as an additional 10 percent tariff on Chinese...more
As President-elect Trump prepares to take office on January 20, the construction industry must anticipate shifts in trade policy, particularly concerning tariffs. These changes are expected to have significant implications...more
Because who wants a nice quiet December, right? Yesterday, the U.S. opened yet another trade war front by proposing retaliatory tariffs of up to 100% on a wide range of French imports after announcing that “it found France’s...more
In just the first four months of 2018, among a surge in trade complaints filed by domestic steel manufacturers against foreign rivals (a frequency not seen in over 15 years)...more
As you probably know, President Trump recently announced a tariff on steel and aluminum imported into the United States, to take effect March 23. Imports from Canada and Mexico will be exempted from the tariff. Other...more