In the health club locker room yesterday, a couple of folks nearby were talking about their jobs, which for the young NYC crowd that mainly frequents these places always seems to involve Internet startups and the like.
One of them apparently works on fund-raising for real estate projects, and he said the “Trump tariffs” have been a disaster for this business, causing multiple projects to be deemed economically unfeasible. He also said something about an 18-month timeline for the projects to get going, so I wasn’t sure if the real estate construction slowdown that he identified is being driven by what’s happened already, or by what might happen next.