1911 ET - Simon Property Group CEO David Simon says tariff uncertainty in the U.S. has only affected one small leasing deal so far, involving a European retailer subject to higher import costs. "Other than that, at this point, it hasn't really affected any demand," Simon says during the company's earnings call, adding he's hopeful that will continue as tariff policies stabilize. As for sales, he expects inventory levels could be impacted by tariffs on China, even after the U.S. and China eased tariff levels for the near future. He says retailers will likely pause to consider whether they can afford to continue importing goods from China if tariff levels are in the "30-ish percent" range, but if they are more like 10%, it will likely depend on the retailer. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
May 12, 2025 19:11 ET (23:11 GMT)
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