On January 20th, President Donald Trump said in an Oval Office signing ceremony that his administration would be enacting sweeping tariffs. During President Trump’s first term in office, he imposed wide ranging tariffs on a variety of imported products.
Tariffs have long been a critical tool in U.S. trade policy, affecting the construction industry in both direct and indirect ways. These measures are aimed at addressing trade imbalances and incentivizing domestic production, but they also carry risks of escalating costs, retaliatory trade measures, and further complicating global supply chains. For construction contractors, such policies could lead to stockpiling of materials, contract considerations, and pricing and scheduling uncertainty.
To help contractors navigate these challenges, AGC has developed a Tariff Memo outlining key considerations and potential impacts of the administration’s trade policies on the construction industry.
For more information, contact Deniz Mustafa or Jordan Howard.