“I always say ‘tariffs’ is the most beautiful word to me in the dictionary,” said US President Donald Trump on numerous occasions. Barely three months into his second term as president, Trump may have made more tariff changes than any period in modern US history. Today, on “Liberation Day”, Trump is set to make a new announcement on another round of tariffs. Market participants across various industries are bracing for potential ripple effects. In addition to the geopolitical impacts the Trump administration is having on trade relations and supply chains, the administration’s policies and policy statements have initiated several further shifts in domestic sectors, particularly those impacting real estate and technology adoption. These policies are creating very direct challenges, as well as new opportunities, for the smart buildings industry. “The administration’s focus on deregulation, corporate tax reforms, and workforce reductions creates a combination of both challenges and opportunities for the smart commercial building market,” explains […]