On Friday, U.S. President Donald Trump announced tariffs on $50 billion dollars in Chinese imports, escalating a trade war between the world’s two largest economies. While this move may prove to have several long-term economic and political benefits, commercial real estate professionals should watch several key factors in the short term, says CCIM Institute Chief Economist K.C. Conway.

“It is as high a stakes game as it goes in economics, and we haven’t really seen it at this level since the Nixon era and price controls,” Conway says.

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