What are the real costs of trade disputes to the overall economy, sectors such as agriculture and to everyday consumers? RSM US Chief Economist Joseph Brusuelas lays out the comprehensive impact in the June issue of The Real Economy.
“Recent scholarly research has validated concerns about the comprehensive absorption of costs associated with the number of trade spats in which the United States is now engaged,” Brusuelas writes. “That research implies that American firms and households are paying a $3 billion-per-month increase in costs caused by trade policy, in addition to absorbing roughly $1.4 billion in welfare losses associated with the policy shift on trade. If these polices are sustained or expanded, an expected $165 billion in investment will be redirected away from the United States and China, imposing large costs on companies that have constructed related supply chains over the past two generations.”
“…research implies that American firms and households are paying a $3 billion-per-month increase in costs caused by trade policy, in addition to absorbing roughly $1.4 billion in welfare losses associated with the policy shift on trade.”
—Joseph Brusuelas, RSM US Chief Economist
In addition to trade costs, this issue offers an Industry Spotlight that explores how some health care systems are using education acquisitions to install their own talent pipelines in response to a shortage of skilled labor. Download the full report at RSMUS.com.
