【CBRE】U.S. Tariff Regime Shocks Global Trade, Has Repercussions for Commercial Real Estate

• President Trump’s announcement of a broad-based global tariff regime last Wednesday put the average weighted U.S. tariff higher than at any point in the past 100 years, precipitating a seismic shock to global financial markets and upending long-established trading regimes.
• The impact on interest rates is mixed, with the Fed likely to cut short-term rates three times instead of two to support the labor market. The 10-year Treasury yield likely will stay close to 4%.
• Increased near-term uncertainty will have some effect on commercial real estate investment and leasing activity, especially in the industrial and retail sectors.\

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