The hit to the economy caused by the taxes on imports and exports will spread asymmetrically across the industrial ecosystems that make up the domestic economy. Based on our conversation with officials in Washington, it is apparent that the middle market will bear a disproportionate burden of adjustments from trade tariffs and should prepare accordingly.
In this issue of
The Real Economy, we discuss the potential of a global trade war and take a closer look at specific industry impact. Download the full issue.