The Construction Counselor

On April 2, 2025, President Donald Trump announced a broad set of new and increased tariffs on imported goods from around the world — including key materials commonly used in construction and real estate development. These changes could lead to higher costs for building materials, supply chain disruptions, and challenges in budgeting and project timelines. In a new U.S. Tariff Update, Fredrikson attorneys Robert M. Oberlies, Michael Meagher, and Jackson Guo break down the tariffs and their potential impact on construction companies, developers, and landlords. President Trump stated the tariffs are aimed at addressing persistent U.S. trade deficits, which he attributes to unequal tariff systems and non-tariff barriers abroad.