International Monetary Fund warned BlackRock CEO Larry Fink Bloomberg Television CBRE Capital Markets.
An Industry Unscathed
Even though the Institute for Supply Management's (ISM) manufacturing index rose to 60.2% in June from 58.7% in May, most of the increase was due to longer supplier delivery times, which rose to the highest level since 2004. What this essentially means is higher prices, a buildup in back orders and missed deadlines. Longer delivery times disrupt production all along the supply chain. Respondents to the ISM survey have clearly stated that tariffs on steel and aluminum imports that were imposed in March, as well as the threat of higher tariffs on other goods, have disrupted the availability and the price of getting needed materials and supplies delivered on time.
The Timing Of Bad News
Many analysts believe that President Trump's rhetoric is part of a negotiating strategy to improve the terms of trade. Perhaps the one factor that would truly force the president to rethink his strategy is if US financial markets, which have thus far been relaxed, show a degree of uneasiness regarding the current trade policy.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
