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Prologis CEO on the chaos and opportunity of tariffs: 'I don't like to make our money that way'

Meet Prologis Chairman and CEO Hamid Moghadam. The company, No. 463 on the Fortune 500, is a leader in building and managing 1.2 billion square feet of warehouses and logistics facilities in 20 countries.
The article from MSN Money discusses insights from Hamid Moghadam, CEO of Prologis, one of the largest industrial real estate companies in the world, on the impact of tariffs on the U.S. economy. Moghadam expresses a nuanced view on tariffs, noting that while they can create opportunities for domestic companies by making foreign goods more expensive, he is not in favor of profiting from such economic distortions. He highlights the "chaos" tariffs bring to supply chains and trade relations, which can lead to inefficiencies and higher costs for businesses. Moghadam also points out that while tariffs might protect certain industries, they often result in retaliatory measures from other countries, potentially harming U.S. exporters. He advocates for a more stable and predictable trade environment, suggesting that long-term economic health is better served by fostering free trade rather than engaging in trade wars. However, he acknowledges that in the short term, some companies might benefit from the protective nature of tariffs.

Read the Full Fortune Article at:
[ https://www.msn.com/en-us/money/economy/prologis-ceo-on-the-chaos-and-opportunity-of-tariffs-i-don-t-like-to-make-our-money-that-way/ar-AA1AG6kf ]