How To Minimize US Tariff Impact On Construction Projects
Partners Jason McLarry, Frank Riggs and associate Jonathan Yi are published in Law360 for their article, “How To Minimize US Tariff Impact On Construction Projects.” The trio discuss the recent U.S. tariffs on steel and aluminum imports — 25 percent and 10 percent, respectively — and provide practical advice on contractual terms that may be used to evaluate and address concerns associated with potential commodity cost increases. They also provide recommendations that may be adopted to minimize the impact of other tariffs that may arise in the future. The authors conclude, writing, “Owners, contractors and subcontractors should keep these principles in mind while exploring ways to possibly mitigate, shift or recoup the resultant financial consequences of the new steel and aluminum tariffs.”