
Managing Tariff Risks for New Construction Projects
May 19, 2025
While there is uncertainty regarding U.S. trade policy, the recent 25% tariff increases on U.S. steel and aluminum are already impacting construction planning. Steel is a key component of framing, rebar, and other construction materials. Higher costs and potential supply chain disruptions create challenges for contractors.
To manage tariff risks, review contracts with suppliers for any force majeure clauses covering tariff-related delays or cost changes. Be aware of supplier cancellation and
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