CUNA economists weigh in on growing trade tensions in June economic update
FOR IMMEDIATE RELEASE
June 21, 2019
Credit Union National Association (CUNA) today released the June 2019 edition of the Economic Update, sponsored by the CUNA Finance Council. Senior Economist Jordan van Rijn provides an update about increasing trade tensions, which have been on the rise, not only with China, but now several other countries.
“While most hope that the trade war will be short-lived, the effects could still end up being long-term: supply-chain and distribution channels can take decades to develop and some experts fear that as China turns more to Brazil and other countries—which have lower labor costs than the U.S.—they may not turn back,” van Rijn said.
The June video also features:
- Economic growth figures of U.S. goods and services
- Recession and the yield curve inversion
- Global trade tensions and impact on U.S. consumers
- Growing tariffs and import costs
- Tariff impact on auto loans among credit unions
The June 2019 CUNA Economic update is complimentarily available to all CUNA members. To watch the video and other past updates, visit cuna.org/economicupdate.
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 115 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org. To find your nearest credit union, visit YourMoneyFurther.com.