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Trade war heats up

An emboldened President Trump

President Donald Trump (Credit: Getty Images)

Trade war seems more likely as President Trump is emboldened by the booming economy.

Reading the tea leaves… The U.S. Agriculture Department announced that it’s planning a $12 billion package of emergency aid for farmers who are being hurt by the escalating trade disputes. Buckle your seatbelts! 

Worth Noting: The European Union has imposed tariffs on American goods after being hit with sweeping aluminum and steel tariffs. The EU exported 5.5 million tons of steel to the U.S. in 2017.

Real Estate Angle: Steel material comprises around 16% of the total building cost for a typical commercial project. Expect construction costs to rise.

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