""Over the past year, tariffs have continued to be a significant drag on the construction market," Totsch told Fortune on Friday."
""Construction and development require predictability-as builders need confidence in raw material pricing and workforce stability before making large-scale investments.""
The Supreme Court ruled 6-3 that the president cannot impose tariffs under the International Emergency Economic Powers Act, narrowing unilateral tariff authority and invalidating portions of 2025 levies on steel, aluminum, and certain China imports. The decision may relieve businesses and finance chiefs that endured prolonged uncertainty. Smaller manufacturers bore disproportionate effects compared with large firms. Trim-Tex, a 250-employee Illinois manufacturer, reported concern about ripple effects from tariffs on trade with suppliers such as Canada and downstream construction demand despite domestic production and sourcing. Tariffs combined with immigration policies increased instability in material costs and labor availability, undermining builders' confidence to make large-scale investments.
Read at Fortune
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