Preparing for the Next Era of Construction

By now we have all heard about the Trump Administration’s tariffs and other changing economic factors and how it will have an impact on the construction industry. Truthfully, it is a constantly changing, moving target, and in just a few short months, there have certainly been ups and downs. For today’s blog, let’s look at what all these market changes will mean to the construction industry and the industries that supply materials.

The best way to understand how current economic factors will impact industries such as construction and supply materials is to start by looking backward.

Robert Gulotty, an associate professor in the Dept. of Political Science, University of Chicago, says if we go back to the trade war in 2018, there is a body of research showing that most of the impact of these tariffs was borne by consumers and firms inside the United States. He ...