This article sorts out the economic impact of the Russian-Ukrainian war on the United States and presents it in a graphic form. Since Russia is not a major trading partner of the United States, the direct impact of sanctions on U.S. economic activities is moderate. It mainly includes the following four aspects:
1. The recent rise in commodity prices may bring additional inflationary pressures, but a strong labor market and post-pandemic demand outbreak can provide safeguards for economic growth.
2. Various industries are widely affected, but to varying degrees, with manufacturing being the most affected, and agriculture, mining, construction and some professional services also being severely affected.
3. In terms of trade, sanctions will increase regulatory costs in areas such as technology, finance, and energy, but the economic impact is limited.
4. In the commodity market, energy prices will remain high in the short term, the spot price of wheat will soar, and the supply chain will be affected.
