Trusted media brand of the Chartered Institute of Housing
Trusted media brand of the Chartered Institute of Housing
Economic turmoil will have knock-on impacts for affordable housing supply chains in the UK, but it also presents an opportunity for social landlords to demonstrate resilience, argues Peter Brown
President Trump’s tariff barrage, with a 10% baseline tariff on its goods exports to the US includes a 25% tariff on steel and aluminium imports - materials fundamental to the construction industry. Manufacturing and construction supply chains are directly in the firing line and perhaps more importantly, unforeseen turbulence creates uncertain future costs, risks of contract failure and possibly more company insolvencies. This is no longer a distant concern. How should the sector respond?
Decisive action is needed. The potential impact of these tariffs, particularly on steel and aluminium, will ripple through our supply chains, inflating construction costs and jeopardising project viability. Housing organisations, from the largest G15 to the smallest community-led associations, must adopt a war room mentality.
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