May 6, 2025 - 20:47
Jon Gray, the President of Blackstone, recently expressed optimism regarding upcoming trade agreements between several countries and the United States. He anticipates that these deals will materialize “fairly soon,” with an expected effective tariff rate hovering around 10%. Gray highlighted that the current uncertainty surrounding potential trade wars could hinder GDP growth, a concern that many economists are monitoring closely.
In addition to trade discussions, Gray addressed the impact of the ongoing AI revolution on various sectors, emphasizing its transformative potential. He noted that the real estate market is also undergoing significant changes, influenced by both inflationary pressures and evolving consumer behaviors. Gray's insights were shared during an engaging conversation at the Milken Conference, where he provided a comprehensive overview of the economic landscape. His remarks underscore the interconnectedness of trade, technology, and real estate in shaping the future of the U.S. economy.
