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US-China trade tensions continue to cloud US construction industry outlook

from For Construction Pros

Many of the Chinese goods, such as steel, aluminum and Canadian lumber, required to construct houses and other buildings in the U.S. are still subject to 10 percent tariff since last September. Dariana Tani, construction analyst at GlobalData, says, "Any rise in tariff rates will lead to higher costs of imported building materials. This could result in slower growth and job creation in the construction industry and affect infrastructure spending; disrupting supply chains and companies' operations, as well as reducing investment, and putting more projects and construction loans at risk." Chinese tariffs on U.S. products could also curtail investment in new construction projects in the U.S. more

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