Trump’s China Tariffs Are Already Hitting the Housing Industry

August 29, 2019 – Media Mention

Partner Scott Tross was quoted in an article that appeared in Curbed discussing how retail space, already a struggling sector in the commercial real estate market, might fare in light of President Trump’s calls for tariffs on Chinese products. Scott, who handles retail foreclosures, indicated that the “single most distressed sector in the commercial real estate market is the retail space, and that’s been true for awhile...tariffs are like adding fuel to the fire.”

In addition, he noted the fact that more and more consumers now turn to on-line purchasing, which has become “a negative development for retailers, and because of that, it’s also a negative development for people who rent to retailers[.]"