tariffs

The Yale University Budget Lab forecast last week that Trump’s tariffs would lead to a $4,689 decline in the average U.S. household’s disposable income.

She already had to slash a recent order from Vietnam from $1 million to $500,000 due to a lower sales forecast if the tariffs are implemented.

Economists and real estate agents cited a variety of factors probably contributing to the trend, including high mortgage rates, rising inventory and the economic uncertainty caused in part by on-again, off-again tariffs.

To varying degrees, they said, different issues — such as local government permitting, restricted access to sites in the Palisades and the Trump administration’s immigration policies affecting availability of labor — rated as greater concerns than tariffs.

In almost identical statements, the rival companies said they have seen operating expenses rise "due to recent changes in global trade rules and tariffs", adding they will make "price adjustments" from 25 April.