Developers delay billions in projects amid mounting uncertainty

Tariffs, tax credits and loan approvals are weighing on potential builds, particularly in clean tech construction.

A foreign construction equipment maker is betting big on President Donald Trump’s trade policies even as developers cancel billions in clean energy and tech manufacturing projects.

JCB, the U.K.-based construction equipment company, plans to double the size of its San Antonio, Texas, factory to 1 million square feet, said Anthony Bamford, JCB chairman, in a news release. The company cited the Trump administration’s tariffs as a key reason to localize more production.

Novartis, a Swiss drugmaker, also plans to substantially expand its U.S. footprint, including in Florida, Texas, New Jersey and California...   ...more

RSK: There is nothing worse than uncertainty and I do not blame them for delaying until a clear path ahead emerges.