The Construction Counselor

A recent ruling by the U.S. Court of International Trade has invalidated several tariffs imposed by the Trump administration earlier this year, including the “Liberation Day” tariffs and those targeting imports from Mexico, Canada and China.

On April 25, 2025, Governor Kim Reynolds signed into law Senate File 574, which amends Iowa Code Chapter 573 by, among other things, reducing the maximum retainage that may be held by public owners on Iowa public construction projects from 5% to 3%.