Construction industry faces downturn amid rising tariffs and labor shortages
Story essentials
U.S. construction industry, Donald Trump
United States
August 21, 2025
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COMPAMIR Editorial Team
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Read our editorial policy- Earlier version 19/8/2026, 11:10:30 AM
U.S. construction activity has slowed due to rising material costs and labor shortages. New 50% tariffs on Canadian construction goods enacted on August 21, 2025, are impacting project budgets. Developers are struggling with increased costs for materials like lumber, cement, and steel.
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