Categories
Canadian Economy and Markets

Austin-area construction, restaurant leaders concerned over possible trade war [Video]

Leaders are keeping an eye on our nation’s capital as they wait to see how things play out.

AUSTIN, Texas — With President Donald Trump reaching a deal with both Mexico and Canada to delay tariffs by 30 days, the higher tax on imports from China is expected to go into effect Tuesday.

There is a wide range of products that will be impacted, from food and drinks to fuel and energy, as well as cars, steel, lumber, electronics, home appliances and toys.

In Central Texas, pressure is building for the construction industry with the possibility of a looming trade war.

Frank Fuentes is the chairman of the U.S. Hispanic Contractors Association. Before the pandemic, Fuentes said they were buying supplies from places in the Pacific like China and Korea.

“After the pandemic, we started looking towards Mexico – cement, steel, scaffolding, equipment, electrical parts like transformers, switchgear,” Fuentes said. “Now …

Watch/Read More