Tariffs Under Trump Could Increase Up To $800bn Annually, How Can Construction Prepare?

January 08, 2025

That’s according to panellists from UK-based global professional services and consultancy PwC (PricewaterhouseCoopers) speaking during a roundtable webcast titled “The road ahead: What’s next for the business under a new administration?”.

Late last year, after the results of the US election, President-elect Donald Trump promised to expand tariffs 25% on all goods imported from North American neighbours Canada and Mexico. Trump also voiced support of an overall 10% tariff on imported Chinese goods, though some products under Trump’s tariff plan could increase up to 60%, reports said.

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