Trade War Impact on Real Estate

New Round of Tariffs Intensify Chinese Trade Relations

•U.S. levied 25% tariffs on $200B of Chinese goods

-Furniture, construction materials & electronics

•China retaliated with their own 25% tariffs

-Agricultural products, machinery & airplane parts

Trade Tensions Stirring Up Economic Uncertainty

•Financial markets reacted with stock market volatility and falling long-term interest rates

•Prolonged trade war may weigh on global economic growth and hurt domestic consumption

Potential Impact on Commercial Real Estate

•Interest rates falling, reducing cost of capital

•Construction may taper as material costs rise

•Stability of commercial real estate investments shines amid Wall Street volatility