Business owners across the region are now applying to recover money paid under tariffs that were largely struck down earlier this year. Refunds are expected within 60 to 90 days, assuming no additional court rulings delay the process.
The President’s move to roll back portions of the steel and aluminum tariffs could mark an important shift in materials pricing and overall project feasibility — particularly for metal-intensive asset classes such as industrial facilities and large-format properties.
Under a newly signed executive order, several agricultural and food products will no longer be subject to reciprocal tariffs. The list spans beef, beans, nuts, fruits and vegetables such as tomatoes and bananas, as well as tea, coffee, and various spices.
Analysts point to new tariffs imposed by the Trump administration as a key factor weighing on industrial development. This slowdown could undermine earlier expectations of a strong rebound in 2026.
An emerging interest from industries like pharmaceuticals, technology, and automotive manufacturing is poised to revive many planned factory projects in the U.S. that have been delayed or canceled.