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Paul Rohrer, deputy chair of Loeb & Loeb’s Real Estate department, is quoted in an article published by Law360 highlighting the potential impact of new tariffs under a Trump administration on the construction industry.
Paul states that tariffs, as Trump may impose them, generally would not trigger force majeure provisions in contracts, so parties will need to look beyond force majeure for clues and answers.
"I might order a large piece of steel to be delivered a year from now. What happens if this tariff goes into effect?" He said. "What are my termination rights?"
To read the full article, please visit Law360’s website.
Paul states that tariffs, as Trump may impose them, generally would not trigger force majeure provisions in contracts, so parties will need to look beyond force majeure for clues and answers.
"I might order a large piece of steel to be delivered a year from now. What happens if this tariff goes into effect?" He said. "What are my termination rights?"
To read the full article, please visit Law360’s website.
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Deputy Chair, Real Estate