While consumers face challenges with tariffs, all businesses won’t be impacted equally. Two Central New York business industries are looking at different challenges. Central and Northern New York Building Trades Council has noted tariff volatility and uncertainty led to some changes in how building projects are being done.
“In Central New York, the ongoing construction projects and the projects that are scheduled to start, there is a degree of redesign or reengineering,” for instance, said council president Greg Lancette, “trying to take some of the materials out that have a longer lead time or a much higher elevated cost to acquire the materials.”
He noted current projects aren’t being impacted much, but rising prices will likely impact future housing and road construction efforts.
For the Iron Workers Local 60 in Syracuse tariffs threatening that industry keep going on and off, so nobody really knows what’s going to happen. They credit projects like Micron for acting like a buffer.
“I’m already getting calls from guys from all the other locals in the United States wondering when we’re going to start Micron because they all want to come up here and be part of this project,” said union representative Matt Nesbitt.
As for getting the project done on time and on budget, he said they’ll make that happen.
