BGO: Insights

The Chief Economist: Tariffs and the Cost of Conviction

Written by BGO | Oct 22, 2026, 1:21:25 PM

Persistent US tariffs continue to raise costs for businesses and consumers despite shifting legal justifications, creating uneven implications for commercial real estate through higher construction costs, pressure on tenant margins and changing supply chains, as explored in BGO Chief Economist Ryan Severino's analysis of US tariff policy and its economic and commercial real estate implications.