The industry setup remains optimistic despite the prevalence of powerful cross currents that have already emerged during the  early days of the new administration. No doubt, the fast-moving tariff situation is far and away the most consequential macro issue with potentially adverse implications for inflation, the near-and long-term direction of interest rates, and ultimately, the growth prospects for interest rate-sensitive sectors such as construction and manufacturing that are significant generators of solid waste. On the flip side, the industry is well positioned to benefit from other likely policy directives intended to yield robust macro growth, including an easing of environmental and antitrust regulations, certainty of stable or lower corporate taxes, incentives for capital investment, and a push for lower fuel costs, among others.