New York CNN —A 10-day UPS strike could cost the US economy $7.1 billion. The union has said it will go on strike August 1 without an agreement on a new contract. The Teamsters union did not have an immediate comment on the study. The $7.1 billion cost estimates would nearly double the $4.2 billion total economic hit of the costliest recent strike, the 2019 strike at General Motors. He said that the cost of the strike would be limited if it only lasts a couple of days, but would increase rapidly after that.

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Persons: ”, Glenn Zaccara, Patrick Anderson, Anderson Organizations: New, New York CNN, UPS, Anderson Economic Group, Teamsters, Anderson Economic, General Motors Locations: New York, Michigan