T
rade tensions escalate as China retaliates against US tariffs, poised to hike levies on American goods from 84% to a staggering 125%. This move marks a significant escalation in the ongoing trade war between the two economic giants.
Meanwhile, a tech data hub is set to rise in San Jose's Alviso district, replacing an earlier proposal for an entertainment complex. The ambitious project, which could transform the area, has been conceptualized by Arcadis and would bring a massive data center to the North First Street and Liberty Street intersection.
The Silicon Valley office market shows signs of improvement after a sluggish period, with vacancy rates decreasing. However, this trend may be short-lived as stock market volatility threatens California's housing market, potentially leading to decreased home prices.
In other news, PG&E faces a lawsuit following a devastating apartment explosion in Santa Cruz County, highlighting the ongoing concerns surrounding the utility company's safety record.
