Donald J. Trump

MIAMI—President Trump's intentions to curb America's trade deficits by beefing up US exports and curbing imports drive could drive policy changes that trickle down to industrial markets around the nation. That's according to a new Cushman & Wakefield report.

“President Trump says he believes in 'free trade but also fair trade,' and as policy details emerge, companies will start looking at their supply chain networks to determine the impact on operating costs,” says Jason Tolliver, head of Industrial Research, Americas at CushWake. “The importance of China, Mexico and Canada as export partners makes withdrawal from the North American Free Trade Agreement or a trade war with China unlikely scenarios.”

The US is engaged in complicated trade obligations with 20 countries through 14 free trade agreements. Free trade partners account for nearly 70% of US exports and more than 80% of imports. The report considered two executive orders Trump recently signed to make trade policy tougher on foreign governments that subsidize companies that sell goods at below-market prices and calling for the Commerce Department to produce a report on every possible reason for the trade deficit in 90 days.

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