Wildfires and Tariffs: California Construction Faces Double Threat ...Middle East

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Wildfires and Tariffs: California Construction Faces Double Threat
source : OILPRICE ( Middle East ) () 128
The Construction MMI (Monthly Metals Index) moved sideways, budging up by a slight 1.61%. Overall, 2024 ended with mild volatility. The construction industry didn’t have much reaction to the Fed’s Q4 round of interest rate drops, and the Fed has been hesitant to drop interest rates more significantly. Still, newfound volatility could come in 2025 if Trump pushes through his planned tariffs on Chinese steel, copper and other construction materials. Along with this, the recent set of wildfires that erupted in the Los Angeles area are…

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