For years, the construction industry has faced hurdles from macroeconomic impacts like high interest rates, labor shortages and increased construction costs that made it hard to pencil projects.
Now developers are worried about the impact of tariffs. Trump on Feb. 1 signed an executive order implementing a 25% charge on products imported from Mexico and Canada and a 10% charge on goods from China. Two days later, he agreed to a 30-day pause on the Mexico and Canada tariffs.
Especially in states like Massachusetts that have ambitious sustainability goals, tariffs could make it harder to find cost-effective, environmentally friendly construction materials, experts said at Bisnow’s Boston Construction, Development & Design Summit last week.
For years, the construction industry has faced hurdles from macroeconomic impacts like high interest rates, labor shortages and increased construction costs that made it hard to pencil projects.Source: Tariffs Deal Setback To Push For Sustainable Building Materials
