TV News LIES

Monday, Jul 22nd

Last update05:20:13 AM GMT

You are here News Economy Morgan Stanley Economist Says Recession Could Hit U.S. in Less Than a Year if China Trade War Worsens

Morgan Stanley Economist Says Recession Could Hit U.S. in Less Than a Year if China Trade War Worsens

E-mail Print PDF
Recession if China trade war continues

Investors may still be underestimating the full risk to the global economy from a trade war, even after U.S. stocks capped the worst month of the year.

A recession could begin in as soon as nine months if President Donald Trump pushes to impose 25% tariffs on an additional $300 billion of Chinese exports and China retaliates with its own countermeasures, according to Chetan Ahya, chief economist and global head of economics at Morgan Stanley.

"My recent conversations with investors have reinforced the sense that markets are underestimating the impact of trade tensions," Ahya wrote in a note. "Investors are generally of the view that the trade dispute could drag on for longer, but they appear to be overlooking its potential impact on the global macro outlook."

The rift between the Trump administration and China has escalated as each side blames the other for the breakdown in talks. Over the weekend, Trump celebrated his trade policies and the recent move to impose tariffs on Mexican goods in response to illegal immigration. Trade tensions between the U.S. and European Union are also simmering.

More...

 


Most Recent Related Stories...


Ford lays off salaried workers worldwide

Ford cuts management jobs worldwideUS automobile manufacturer Ford Motor is cutting 7,000 salaried positions worldwide as a part of the...

Trump cools trade war by lifting North American metal tariffs

Trump lifts tariffs on metals The Trump administration moved to cool the simmering trade war with its major trading partners on...

The Trump economy is hurting most Americans. Statistics won't fool voters

Trump economy hurting all Americans: Robert ReichThe award for this year’s Biggest Backhanded Compliment to Trump goes to White House acting chief...

China slaps tariffs on $60 billion in U.S. imports as trade war between Beijing and Washington escalates

China slaps duties on $60b in US goods China said it was levying the tariffs because of Trump's decision to raise duties on Chinese products "contrary...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!