New White House policy changes aimed at curbing the trade deficit by bolstering U.S. exports and reducing imports could impact industrial real estate markets across the U.S. A report by Cushman & Wakefield concludes that a trade war with China or U.S. withdrawal from NAFTA remain unlikely.
Jason Tolliver, an industrial researcher at Cushman & Wakefield, said, “President Trump says he believes in ‘free trade but also fair trade,’ and as policy details emerge, companies will start looking at their supply chain networks to determine the impact on operating costs.”
The U.S. has complicated trade obligations with 20 countries through 14 free trade agreements, with free trade partners accounting for nearly 70% percent of U.S. exports and more than 80% of imports.
President Trump recently signed two executive orders to toughen up trade policy on foreign governments, and called for a report from the Commerce Department in 90 days.
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