Trump calls into question trade agreements with Mexico and Canada. * Details - Published: July 16, 2026 Although the US, Canada and Mexico are working together on the World Cup, US President Donald Trump has announced that he no longer intends to automatically extend the North American Free Trade Agreement (USMCA). The agreement would therefore remain in force for up to a further ten years, provided none of the member countries withdraws, but it will be reviewed annually. This could lead to months or even years of renegotiations. The US government is also pursuing an increasingly protectionist course with other trading partners: the proposal to impose 25 per cent tariffs on imports from Brazil has already caused outrage, and the current trade agreement with China has not yet been extended either. Impact on the European Union. Trump also announced that he would increase tariffs on cars and lorries from the European Union to 25 per cent. Should tariffs be raised, Germany would face significant economic consequences for its automotive industry. To avoid a further escalation of the tariff dispute, MEPs in Strasbourg therefore voted by a large majority in mid-June to abolish tariffs on US industrial goods and agreed to the full implementation of a controversial tariff deal with the US. Meanwhile, Trump slightly reduced tariffs on certain metal and industrial products in order to stimulate short-term investment. As a result, certain countries now face a 15 per cent tariff on mobile industrial equipment such as bulldozers and forklift trucks. Market observation: growth in the North American market. The United States is not only hosting the FIFA World Cup; the market there is also becoming increasingly important for project developers and investors in logistics property. This is due to the long-term growth prospects. Recently, several German and international companies have expanded their activities in the United States, including, for example, Garbe, Drees & Sommer and Prologis. Most recently, the US logistics property provider Prologis has further expanded its operations in the United States. The company, which has branches in Germany, has set up a joint venture with the investor GIC to develop and operate build-to-suit logistics properties in key US markets. The partners cite structural growth in e-commerce, the reshoring of supply chains and robust demand in the North American industrial sector as the reasons behind their decision. The focus is on build-to-suit projects, which the company says have proven to be particularly resilient as they are designed for long-term use and continuously evolving supply chains. Attractiveness accelerates expansion. Garbe Industrial Real Estate, a developer and manager of logistics, industrial and commercial property, is also banking on growth in the US. Together with Berkeley Investment, a joint venture has been established to drive expansion in the United States. The initial focus is on its industrial and logistics property businesses, residential projects and life sciences properties in the Boston area. The aim is to capitalise on the dynamic growth opportunities in selected US markets. Last year, Drees & Sommer expanded its position in the North American market through the acquisition of the US project management firm VVA. This move enables the consultancy, planning and project management firm to strengthen its range of services by drawing on VVA's local expertise. These various expansions highlight the attractiveness of the US market for logistics and industrial property. Joint ventures accelerate market entry for external companies and offer faster access to growth opportunities. They are also a positive sign of global cooperation.

Strategic expansion in Poland: Polish project management specialist ADC SP. Z O.O becomes part of Drees & Sommer. From left to right: Łukasz Lenczewski (Managing Director at ADC), Jörg Wohlfarth (Partner at Drees & Sommer), Ulrike Giß (M&A Lead at Drees & Sommer), Dimitrios Niros (Senior Team Lead at Drees & Sommer), Steffen Szeidl (Chief Executive Officer and Partner of Drees & Sommer), Bogusław Paciorek (Managing Director at ADC) (C)- ADC/ Drees & Sommer Warsaw, Poland / Stuttgart, Germany, May 12, 2026. Polish project management and construction planning company ADC Sp. z o.o. has become part of the global consulting company Drees & Sommer, which has acquired 100 percent of the shares in ADC. The acquisition became legally effective on May 6, 2026. The move strengthens Drees & Sommer's ability to serve international and local clients across Poland and the broader Central East European (CEE) region. Founded in 2018, ADC has grown into a high-performing and well-established player in the Polish market. The company offers integrated services across architecture and design, consulting and technical advisory, as well as project management and construction supervision. Approximately 70 ADC employees will join Drees & Sommer Poland, increasing the workforce in Poland to over 90 employees across four offices in Warsaw, Rzeszow, Wrocław and Katowice. With its strong planning and execution capabilities, ADC enables a one-stop-shop model covering the entire project lifecycle - from early design and planning through to delivery and supervision. Strategic milestone for Drees & Sommer in Poland "Poland is one of the most dynamic construction and real estate markets in Central and Eastern Europe," said Steffen Szeidl, Chief Executive Officer and Partner of Drees & Sommer. "This acquisition represents a decisive strategic step for Drees & Sommer. With ADC, we gain a proven partner with strong planning expertise, an excellent local network and a highly capable management team. This combination significantly strengthens our ability not only to participate in, but actively help shape, the Polish market." "ADC perfectly complements our existing consulting expertise with in-depth planning and execution capabilities in Poland," added Jörg Wohlfarth, Partner of Drees & Sommer. "Together, we can offer end-to-end solutions that combine international experience with deep local know-how - a key success factor for complex and large-scale projects in Poland and the wider CEE region." Expanded interdisciplinary expertise and holistic service offering By joining forces with ADC, Drees & Sommer significantly strengthens its interdisciplinary capabilities in Poland, expanding its local portfolio with in-depth planning and execution expertise. The acquisition enables Drees & Sommer to deliver holistic solutions in the Polish market by seamlessly combining consulting, planning, management, and supervision services under one roof. "Becoming part of Drees & Sommer is a logical next step in ADC's development," said Boguslaw Paciorek, Managing Director of ADC. "The opportunities of a global consulting group broaden our growth path while allowing us to preserve our entrepreneurial culture, local strength and leadership continuity. Our clients benefit from an extended service portfolio and international expertise." Drees & Sommer provides sustainable, innovative and economically sound solutions designed to address the individual requirements of its clients. With interdisciplinary teams contributing to around 7,000 projects worldwide, the company brings together global experience and local expertise. In cooperation with ADC, Drees & Sommer strengthens its presence in the Polish market, extending its service offering. The company operates from more than 80 locations worldwide, serving clients across Europe, the Middle East, China, the APAC region and North America. Over the past eight years, ADC has successfully delivered more than 300 projects across Poland, ranging from large-scale logistics, industrial and office developments to complex urban revitalization and residential schemes.Key references include the 50,000 m^2 distribution center for Jerónimo Martins in Opoczno, developed jointly with Drees & Sommer and encompassing full design, project management and site supervision services. Further projects include the redevelopment of Warsaw's historic DTBJ department store, the expansion of Quemetica S.A.'s salt production facility in Janikowo, major residential developments for Victoria Dom in and around Warsaw totaling over 100,000 m^2 of living space, and the delivery of an innovative bus depot with hydrogen refueling infrastructure in Konin to support low-emission public transport. "Our teams share the same values and ambition to deliver high-quality, integrated project solutions," added Lukasz Lenczewski, Managing Director of ADC. "The existing close cooperation between ADC and Drees & Sommer has already proven successful. Together, we are now even better positioned to support complex projects in Poland and beyond." For the time being, the legal company name will remain ADC Sp. z o.o. The company will operate under the logo "ADC - Part of Drees & Sommer" and will continue to be led by its current management team. About ADC: ADC is a Polish construction project planning and management company providing integrated services across the entire real estate and construction lifecycle. Its service portfolio includes architecture and design, consulting and technical advisory, as well as project management and construction supervision. Founded in 2018, ADC supports complex construction and real estate projects with a holistic, client-focused approach and operates from multiple locations across Poland. About Drees & Sommer: Uniting opposites to create a world Drees & Sommer AG want to live in Drees & Sommer is a partner-managed, global consulting company that provides a single source of consultation and implementation services. Drees & Sommer AG focus on sustainable, innovative, and economical solutions for the real estate, infrastructure, and industry markets. Founded in 1970, today the company employs 6,500 people at over 80 offices. Its interdisciplinary teams are involved in 6,922 projects worldwide, working to create a livable future and unite apparent opposites: tradition and future, economy and ecology, analog and digital, efficiency and well-being. As 'intrapreneurs', the Drees & Sommer Partners are personally responsible for managing the company.

A new venture capital fund has been launched with financial backing from the real estate company Drees & Sommer. The news is covered comprehensively by Google News, aggregating information from global sources.