Welcome to Episode 19 of Real Time, JLL Chicago’s industrial podcast. In this episode, the team is joined by the International Trade Association of Greater Chicago’s Executive Director Richard Paullin, an expert on tariffs and international trade. While the news is constantly changing, here are some highlights from our conversation:
- Today’s tariffs have a ripple effect on tomorrow’s logistics, real estate and transportation sectors, which play a key role in moving goods in and out of the country.
- From soybeans to corn, agriculture rules in Illinois; limitations on exports will impact facilities across the market, especially in the I-80 submarket.
- Canada and Mexico, America’s two largest trading partners, buy more from the U.S. than our next 10 largest trading partners.
- Labor remains a major challenge for manufacturers and distributors with changing immigration policies and employment below 4 percent.
Listen to this podcast with the player above or click here.