Construction Accounting & Taxation published the latest article from Construction Leader Joseph Natarelli and Chief Construction Economist Anirban Basu about improving stability in U.S. trade relations and the benefits for contractors.
Construction Accounting & Taxation
First, these trade agreements render it more likely that the current economic expansion, already unprecedented in length, will persist longer, fueling additional demand for construction services in the process. Second, a more favorable trade environment should help moderate commodity and construction material price increases. Third, the ability of negotiators to reach a Phase 1 deal arguably renders it more likely that additional agreements can be reached and makes all-out trade war less likely.