Rapidly changing tariff regime stymies lenders, borrowers

Mark Edelstein spoke to PERE Credit about the rhetoric of President Donald Trump’s administration around tariffs on goods used for construction from major trading partners. He noted that the immediate impact of the uncertainty around tariffs has been a reactionary stock market, but commercial real estate could bear the brunt of these policies down the line.

“As President Trump uses trade and tariffs to bully other countries, they will learn to give him what appears to be wins even if the cost of the wins is relatively minor compared to what a trade war might cause. But, over the longer term, a trade war, tariffs, and inflation are a real risk. The latest tariffs on steel and aluminum could be a real problem,” said Mark.

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