WA100 2019: The impact of trade tariffs
Protectionist trade policies are raising tensions around the globe, with architects fearing an impact on work prospects and material costs
More than four in ten architects believe that the erection of trade tariffs will hit work prospects in North America. That’s the stark finding of the latest WA100 survey.
These concerns are prompted by mounting trade tensions between the US government and its biggest international economic partners, notably China. As the WA100 went to press, President Trump and Chinese leader Xi Jinping had announced a 90-day truce on the introduction of new tariffs from 1 January to allow time for talks on future trade. If no agreement is reached, the USA will revert to its plan to raise tariffs from 10% to 25%.
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