(Annalyn Kurz – Fortune)
President Trump’s “Buy American” policies could make it a lot harder for him to follow through on the ambitious $1 trillion infrastructure spending plan he touted on the campaign trail to win over blue collar workers.
Industry groups say the president’s plan, which he’s set to expand Tuesday, would raise prices on construction materials, making it more expensive to build oil pipelines, bridges, highways, homes, and schools.
Contractors are already grappling with higher prices on key materials for construction projects like diesel fuel, steel, copper, wallboard, and lumber, said Ken Simonson, chief economist for the Association of General Contractors, a lobbying group with about 26,000 members which also includes suppliers. And now he expects those prices to go up. Click here to read more.