Malaise -- a general feeling of discomfort or uneasiness whose exact cause is difficult to identify.
Stockholm syndrome? No, Trump syndrome!
Trump's Trade War Is Redrawing The Battle Lines In Negotiations
April 21, 2025 By Matt Wasielewski, National
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Jeff Klotz thought he was being smart when he ordered and paid for roughly $200K worth of countertops from China to stockpile before President Donald Trump’s tariffs went into effect. That was before he received a call from the vendor saying the ongoing trade war had bumped up the price by 20%.
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How does this impact the apple cart?
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Stable materials pricing has been the most immediate casualty in the White House’s high-stakes global trade war. But the cumulative and lasting effects of the on-again, off-again tariffs — along with their own murky future — stretch beyond the cost of countertops. They are already impacting project timelines, site selection and investment and leasing decisions, locking nearly every aspect of CRE in analysis paralysis.
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A Pandemic Flashback
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For developers and businesses with projects in progress, the tariff push from the White House is reminiscent of the early days of the pandemic, when supply chain disruptions brought rapid price increases for both raw materials and finished products.
“I've got a stack of letters that are almost identical to the letters I started receiving during the pandemic,” said Klotz, whose businesses own more than 10,000 apartments nationwide and have another 6,100 units under development.
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