Video: CU Impact of Chinese Tariffs Posted by AVCU on 1:52 PM

In the May edition of the CUNA Economic Update, sponsored by CUNA Finance Council, CUNA Chief Economist Mike Schenk explores President Donald Trump’s decision to increase Chinese tariffs from 10% to 25% and its impact on the U.S economy.

“Trade wars are not good and generally very hard to win,” says Schenk. “Ultimately, free trade is good for economic growth in the long run and it increases efficiency.”

The May video also features:

• A U.S. labor market update – 263,00 jobs created in April and the unemployment rate reaches historic lows
• Credit union loan growth will begin its typical seasonal acceleration
• The long-term deficit problem and its impact
• State-level bank attacks

The May 2019 CUNA Economic update is freely available to CUNA members. Watch the May update below.