US-China Trade War Might Finally Hit American Wallets
- 6 years ago
Business Insider reports that the next round of US and China trade escalations could be a whole new game for American consumers. They could trigger broader effects on prices and on the US economy.
Widespread inflationary pressure from tariffs hasn't been apparent so far. But according to analysts at Citi Research, that could quickly change. There have already been signs of modest price pressures building across the US. Within supply chains particularly.
the analysts wrote, "The additional tariffs on China have the potential to boost inflation even more than what we currently anticipate."
Widespread inflationary pressure from tariffs hasn't been apparent so far. But according to analysts at Citi Research, that could quickly change. There have already been signs of modest price pressures building across the US. Within supply chains particularly.
the analysts wrote, "The additional tariffs on China have the potential to boost inflation even more than what we currently anticipate."