The trade war keeps escalating. Here’s how it’ll impact real estate

On Friday, both the US and China said they would increase tariffs

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For months, trade war tensions with China have been on the rise. The Chinese government said Friday morning it would implement a $75 billion retaliatory tariffs on U.S. goods — a response to President Trump’s $300 billion tariff on Chinese goods.

After the announcement, Trump said he would raise tariffs on Chinese goods by as much as 30 percent, according to the Wall Street Journal.

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As the back and forth unfolds, watch the video above to see how the multibillion-dollar trade war has hit New York real estate so far.

Voice-over by Lucas McGill