International Monetary Fund warned BlackRock CEO Larry FinkBloomberg TelevisionCBRE CapitalMarkets.
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, mostof the increase was due to longer supplier delivery times, whichrose to the highest level since 2004. What this essentially meansis higher prices, a buildup in back orders and missed deadlines.Longer delivery times disrupt production all along the supplychain. Respondents to the ISM survey have clearly stated thattariffs on steel and aluminum imports that were imposed in March,as well as the threat of higher tariffs on other goods, havedisrupted the availability and the price of getting neededmaterials and supplies delivered on time.
The Timing Of Bad News
Many analysts believe that President Trump's rhetoricis part of a negotiating strategy to improve the terms of trade.Perhaps the one factor that would truly force the president torethink his strategy is if US financial markets, which have thusfar been relaxed, show a degree of uneasiness regarding the currenttrade policy.
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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.
