AI data centre boom and tariff cost squeeze: Four questions for Australia’s engineering and construction industry in 2026
Deloitte's 2026 Engineering and Construction Industry Outlook shows that the U.S. industry is shifting from aggregate growth to structural replacement: commercial construction and manufacturing plants are contracting, AI data centers and energy infrastructure are expanding, while steel and aluminum tariffs of up to 50% have permanently raised the cost baseline. This article analyzes the transmission paths of this change to Australian engineering contractors, the resources and energy industry chains, and Asia-Pacific trade.