National political decisions and economic events often have consequences, potentially of an adverse nature, both at the national and local levels. The president’s decision to impose tariffs on steel and aluminum could provoke a trade war. An undesirable outcome could be higher costs for steel and aluminum. If the Fed raises interest rates markedly that could result in tighter restrictions on borrowing to finance capital projects. Even the uncertainty created by such events may have adverse consequences. An indirect result locally might be a slowdown in construction. Plans for new high-rise hotels, residential condos, and mixed-use projects in and around Fort Worth, might be put on hold indefinitely.
