RESI in the News
'Toys R Us Kids' Reminisce Amid Nationwide Store Closures
WBAL-TV 11 News, 03/15/2018
Toys R Us is closing all U.S. stores including 15 locations in Maryland, though the sale of some stores is possible. RESI's Chief Economist, Dr. Daraius Irani, stated, "From an iconic point of view, it is a big loss. From a pop culture point of view, many people remember the Toys R Us jingle." Dr. Irani also noted that the closings of the large retail spaces will add to vacancies within retail centers, which have had difficulty filling these locations in recent years.
How Would A Trade War with China Impact the Port of Baltimore?
WBAL-TV 11 News, 03/23/2018
Tariffs on imported steel and aluminum are expected to negatively affect the Port of Baltimore, which relies on China as their second-largest client. According to RESI's Chief Economist, Dr. Daraius Irani, "About $5.1 billion a year goes through the port (of Baltimore) from China, so any sort of change of that is going to have an adverse impact on the port's business." Regarding impacts to consumers Dr. Irani stated, "Firms will be able to pass on a large majority of that tariff on to consumers and, in some instances, they may not be able to pass on as much, but generally speaking we would expect to see some prices to go up because of the tariffs."