
FT News Briefing
Commercial real estate crawls back
Feb 4, 2025
The podcast dives into the pause of Donald Trump’s tariffs on Canada, setting a hopeful tone for trade relations. It discusses the slow recovery of commercial real estate, with a shift in investor interest towards flats and hotels. Eurozone inflation has unexpectedly risen to 2.5%, prompting speculation about central bank responses. Meanwhile, the AI company Mistral, initially seen as Europe’s answer to US tech, faces fierce competition and funding challenges that threaten its growth trajectory.
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Quick takeaways
- The temporary pause of tariffs on Mexican and Canadian imports reflects a strategic effort by President Trump to stabilize North American relations amidst ongoing trade tensions.
- The commercial real estate sector is gradually recovering from a slump as investors shift focus to residential properties and the market responds to potential interest rate reductions.
Deep dives
Trump's Tariff Pauses and International Cooperation
President Donald Trump has temporarily paused the implementation of 25% tariffs on imports from Mexico and Canada, which were set to take effect recently. This decision comes after agreements with Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum, who have committed to deploying military personnel to the U.S. border to combat the flow of fentanyl. This pause reflects a strategic move to stabilize relations and foster cooperation among North American countries amidst ongoing trade tensions with China. The situation highlights the precarious balance Trump maintains regarding tariffs while addressing domestic and international concerns.
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