Report: U.S. GDP Will Lose $290 billion Due to Tariffs

With tariffs continuing to take a toll on U.S. businesses, farmers, communities, and families across the country, a new report by IHS Markit outlines the impact of tariffs on the equipment manufacturing industry and the broader U.S. economy. “This report shows that tariffs continue to take a toll on U.S. equipment manufacturers, who will pay significantly more to manufacture equipment…

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ARTBA Forecasts Modest 2015 Growth

The U.S. transportation construction market will grow 3.1 percent from $185.9 billion in 2014 to $191.7 billion in 2015, according to a forecast released December 3 by American Road & Transportation Builders Association (ARTBA) Chief Economist Dr. Alison Premo Black. This is slightly above anticipated growth in the overall economy – U.S. Gross Domestic Product is expected to grow between…

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