Starting Nov. 1, the U.S. will charge new tariffs on heavy-duty and medium-duty trucks and buses, per an executive order signed by President Donald Trump. Imports of medium- and heavy-duty trucks and associated parts will receive a 25% tariff, with …
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Steel Tariffs Expanded
The U.S. Commerce Department announced it is raising steel and aluminum tariffs on over 400 products, including appliances, heavy equipment, marine engines, furniture and more. The department says more categories are being added to the list of steel and aluminum …
Read More »Tariffs Postponed, New Tariffs Announced
Reciprocal tariffs have been placed on a 90-day pause that was originally scheduled to end on July 9. The tariffs will now begin on August 1, giving negotiators additional time to reach agreements. During a cabinet meeting, President Donald Trump …
Read More »Paused Tariffs Offer Temporary Relief for Consumers
Days after sweeping tariffs were announced, President Donald Trump has paused tariffs for most nations for 90 days and increased tariffs on Chinese imports to 125%. As a result of these tariffs, Hackett Associates founder Ben Hackett says imports during …
Read More »Houzz Reports Softer Q2 Expectations for Construction and Design Sectors
Houzz, an online design forum, released its Q2 2025 Renovation Barometer, which tracks residential renovation market expectations, project backlogs and recent activity among businesses in the construction sector. The report found that businesses across the construction sector and the architecture …
Read More »New U.S. Tariffs Expected to Impact Supply Chains and Prices
President Donald Trump announced tariffs on nearly all U.S. trading partners on April 2. These measures include a universal 10% tariff on all imported goods, effective April 5, 2025, with additional country-specific tariffs commencing April 9, 2025. Notable increases involve …
Read More »Import Cargo Levels Continue Rising Amidst Tariffs
As the U.S. continues to grapple with tariffs, imports at the nation’s major ports are expected to remain elevated through this spring but volume could see year-over-year drops this summer, according to the Global Port Tracker report released by the …
Read More »New Tariffs on Steel, Aluminum Announced
After multiple tariffs on imports from China, Mexico and Canada were announced then placed on hold in early February, President Donald Trump announced a new round of tariffs on Feb. 10 that would raise steel and aluminum imports to a …
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