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New US tariffs target forced labor across more than 80 countries
The levies range from 10.0% to 12.5% and cover goods used in industrial, data center, and infrastructure projects that feed into commercial real estate budgets.
The White House has imposed a new round of tariffs on more than 80 countries to replace expiring levies as part of President Donald Trump’s effort to reshape global trade, according to Bisnow.
The tariffs, enforced under Section 301 of the Trade Act of 1974, are set at 10.0% to 12.5% and are aimed at countries the administration says are failing to pass or enforce laws meant to prevent forced labor. The action cites a long-standing US forced labor import ban, and the coverage includes goods that flow into industrial, data center, and infrastructure projects.
Bisnow reports that commercial real estate has been dealing with the ebbs and flows of tariff policy for more than a year as developers and other stakeholders adjust to higher prices and policy unpredictability. Mexico is included as well, but the tariffs do not apply to goods already covered under the US-Mexico-Canada Agreement or to other national security-related tariffs already imposed on items such as cars and steel.