Trade war spillover boosts Vancouver’s industrial market

News Snapshot:

Despite 90-day reprieve, logistics groups are hedging their bets and looking for space Although the U.S. and China recently put a three-month pause on steep reciprocal tariffs, Vancouver’s industrial real estate market is feeling the heat as many goods are temporarily diverted to the region. On May 12, U.S. President Donald Trump and Chinese officials announced reduced tariffs for 90 days, signalling a potential resolution to their trade conflict. The U.S. agreed to drop its 145-per-cent tariff rate on Chinese goods to 30 per cent, while China agreed to lower its rate on U.S. goods to 10 per cent. Still,...