Tariffs and Interest Rates Squeeze Construction Budgets
Friday, 18 July 2025 () The Construction MMI (Monthly Metals Index) traded flat month-over-month, with no noteworthy price movement in either direction. Meanwhile, the U.S. construction industry is bracing for fallout from a new round of tariffs on key building materials. Industry groups warn that these tariffs, alongside persistently high interest rates, threaten to squeeze project budgets. Surging Costs for Steel, Aluminum and Other Metals As metal prices remain somewhat volatile, contractors nationwide report mounting cost pressures. Now that President Trump…
US Federal Reserve keeps interest rates unchanged as it awaits the impacts of Trump's global tariffs
Trump has slammed the US Federal Reserve Board chief Jerome Powell, calling him “stupid”, as..
Credit: euronews (in English) Duration: 02:00Published
At the G7 Summit in Canada, President Trump and British PM Keir Starmer announced a new trade agreement lowering some tariffs on U.K. goods. The deal removes duties on aerospace products and offers..
Friday, 18 July 2025 ()
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