Impending Tariffs: Challenges and Opportunities for FMs

In an era marked by economic uncertainty of protectionist trade policies, facility and public works managers may often find themselves navigating increasingly complex operational issues. Among the many challenges they face, the potential impact of tariffs on imported materials and equipment. Looking at past historical precedents, such as the Smoot-Hawley Tariff Act of 1930, can provide valuable lessons into the risks and opportunities presented by protectionist trade policies. This paper explores the potential ramifications of tariffs on facility management and public works departments and offers several strategic recommendations to mitigate their impact.