Policy changes introduced by the Trump administration stand to
have a major impact on the construction industry. Tariffs of 25% on
steel and aluminum imports are designed to encourage domestic
production of key materials and reduce the domestic economy's
dependency on foreign providers.
While it will take time for these tariffs to have their intended
impact in terms of spurring domestic production, they will have the
immediate effect of reshaping the industry landscape. In the short
term, tariffs will radically change material costs, supply chains,
and procurement strategies, affect market demand, and reshape the
dynamics of competition in the construction industry. In analyzing
the likely impact of these policies, we can outline the disruptions
we anticipate will shake up the industry and offer strategies for
overcoming challenges as they arise.
