How To Minimize US Tariff Impact On Construction Projects

Law360 (May 11, 2018, 3:07 PM EDT) -- On March 23, 2018, the U.S. began imposing a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports.[1] As a result, owners, contractors and subcontractors — especially those performing under fixed or lump-sum arrangements — are bracing for a potential rise in the price of these commodities and turning to their contracts to understand the price risks and determine ways to minimize project disruption. Likewise, given the White House’s announcement that it would temporarily suspend the tariffs for goods from certain...
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