On Feb. 10, U.S. President Donald Trump signed an order to introduce 25% tariffs on steel and aluminum imports (effective March 4). This is in addition to the 10% tariff on imports from Mainland China, and will add about another 0.5 pp to the average effective tariff rate on U.S. imports, bringing it to about 5.0%, up from about 3.0%…
Read MoreDay: February 11, 2025
Michigan Governor, House Speaker Offers Plans to ‘Fix the Damn Roads’
Michigan Governor Gretchen Whitmer (D) proposed what she calls a comprehensive, sustainable, long-term plan to “fix the damn roads” for generations to come, echoing a phrase she has often used since taking office in 2019. The $3 billion plan includes funds to help local communities fix local roads, boost transit, improve safety on the roads and reduce the cost of vehicle…
Read MoreQuikrete Completes Acquisition of Summit Materials
Quikrete Holdings Inc. has finalized its acquisition of Summit Materials for $52.50 per share in cash, for a total enterprise value of approximately $11.5 billion, including debt.
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