August 1, 2019
Construction Accounting & Taxation published a column by Construction Leader Joseph Natarelli and Chief Construction Economist Anirban Basu, about how U.S. tariffs on Chinese goods could impact U.S. construction.
Construction Accounting & Taxation
By Joseph Natarelli, National Construction Industry Group Leader & Anirban Basu, Chief Construction Economist
Excerpt:
[M]any conversations in the United States remain fixated on trade wars and tariffs, including in the U.S. construction industry, which stands to be impacted by higher input costs and potentially slower economic growth… [T]he issues facing the two most powerful nations in the world are complex, with Chinese policymakers deeply resentful of any threat to national sovereignty and key U.S. policymakers fixated on the massive trade deficit and issues pertaining to intellectual property. In short, the threat to contractors remains real and consequential.
