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April 28, 2025

How Will the Trade War Affect Commercial Construction?

By Robert W. Barone, R.A., LEED AP

Three Reasons Not to Panic About the Impact of Tariffs on Your Construction Deal

By Robert W. Barone, R.A., LEED AP, Director of Construction Services at Partner Engineering and Science, Inc. | Published April 28, 2025, on GlobeSt.com.

As the Trump administration’s trade policy unfolds, commercial real estate developers, investors, and lenders are expressing concern over the impact of tariffs on the cost of construction projects. While the media tends to offer dire predictions, negotiations with targeted countries are not final. New tariffs seem to be proposed, levied, suspended, and/or reciprocated almost daily. It’s impossible to predict the outcome and effect of the trade war at this stage, but there are several factors we can examine to bring perspective to the discussion, including the current regional construction market, the specifics of each project, and risk mitigation strategies.

In his latest GlobeSt article, Robert W. Barone offers hope in the face of tariffs and how they may affect your construction deals.

About the Authors

Robert W. Barone, R.A., LEED AP

Robert W. Barone, R.A., LEED AP

Director - IAG Construction Services
A trusted and respected industry veteran, Robert W. Barone, R.A., LEED AP is a Director based out of Partner’s White Plains, NY office. With almost 40 years of experience in the commercial real estate industry, Barone has managed and provided consulting on billions of dollars in real estate transactions and development projects. Prior to Partner, Barone headed the construction risk management practice of a respected national consulting firm where his team managed more than 400 active construction projects per month. Barone has personally facilitated thousands of thousands of real estate transactions and development projects for a variety of property types throughout North America and Europe. Clients have included foreign governments, major lending institutions, and equity investors.

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