The U.S. Supreme Court ruled 6–3  that the International Emergency Economic Powers Act (IEEPA)  does not  authorize President Donald Trump  to impose tariffs. Tariff authority rests with Congress , not the president. As a result, the legal basis for tariffs collected under IEEPA is invalid, and importers may seek refunds  of duties already paid.   Tariffs imposed under IEEPA since 2025  are estimated at about USD 133.5 billion . Affected measures include a 10% global baseline tariff ,...

After nearly two years of conflict-related disruption, A.P. Moller–Maersk  is preparing to resume Middle East services via the Red Sea and the Suez Canal , following major global supply chain adjustments. This move raises a key question for the freight market: how will returning capacity affect global shipping rates?   Maersk’s Red Sea Return and Its Implications Since late 2023, Houthi attacks disrupted Red Sea transits, forcing most carriers to reroute vessels around the Cape of Good Hope....

In 2025 , Dallas and Houston, Texas , together delivered about 62 million square feet of industrial space , bringing development back to normal cycle levels .   What drove construction activity?     Tenant demand remained strong , allowing developers to continue breaking ground and restore typical development pace.   Dallas–Fort Worth The DFW  market typically delivers around 32 million square feet annually  in a normal cycle.  In 2025, total volume aligned with that baseline, while...