Articles Tagged with ''tariffs''

Associated Builders and Contractors Chief Economist Anirban Basu cites labor shortages, tariffs as continuing industry challenges while construction spending slows amid caution and the end of Biden administration funding. 

BLS reported construction input costs fell 1.6%, while looming tariffs and rate uncertainty pressures project budgets.

National Electrical Contractors Association said it has been fighting the tariff all year and “has been successful in keeping it off the table until now.” Will the plan be withdrawn before it takes effect?

The launch of the Trump administration’s trade agenda had a rocky start as its sweeping tariff announcements tanked stock markets worldwide.

The first few months of this year saw some uncertainty in equipment pricing, but even with the unclear tariff situation the used equipment market has seen prices stabilizing, according to the latest data from industry analyst firm EquipmentWatch.

Increases in steel, copper prices were reported in April. 

Contractors remain concerned about the implications of tariffs going forward. 

 Economists remain wary as talks for a more permanent deal continue.

But tariffs don't yet impact four large engineering and contracting companies, they report.

Slowed spending is expected to continue in the coming months, industry economists say.