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Tariffs chill Southern California's vast industrial property market

  • President Trump's tariffs, including a 125% rate on Chinese imports, are impacting trade.
  • The trade war with China is escalating and causing uncertainty for businesses.
  • Los Angeles and Long Beach ports anticipate cargo volume drops and potential job losses.
  • Mario Cordero of Long Beach said 63-64% of cargo imports are Chinese; Gene Seroka of LA expects a 10% cargo volume drop.
  • Tariffs could negatively impact industrial real estate, but reshoring manufacturing might be a long-term benefit.
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Bias Distribution

  • 57% of the sources are Center
57% Center
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Bloomberg broke the news in United States on Wednesday, April 9, 2025.
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