Morgan Stanley: More tariffs on China could trigger a global recession

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More tit-for-tat tariffs in the U.S.-China trade war could set the global economy up for a recession, according to Morgan Stanley.

"If talks stall, no deal is agreed upon and the U.S. imposes 25% tariffs on the remaining $300 billion of imports from China, we see the global economy heading towards recession," Chetan Ahya, Morgan Stanley's chief economist and global head of economics, said in a note on Monday.

President Donald Trump has slapped higher tariffs — from 10% to 25% — on $200 billion worth of Chinese goods and China retaliated by

 

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Wow .. no..

The average American losing half of what they have for a new Republican policy, which is the direct opposite of a Republican policy held for 30-40 years, is on par for want they represent. Better you than me. Is that a gay person buying a cake?

“May “..... wow what great insight.

So a decade has passed since the last crash? 'The Tradewar Crash'. I guess that'd be the name

Wall street is a dog of China Communists

trump could care less. being a mentally unfit person, trump is used to push things to the extreme, to the point of bankruptcies. he sees no risks, only victory, even when unwarranted.

Don’t drag the rest in . It is solely created back lash for American.

Someone got paid for this opinionated piece of crap.

somewhere, smoot and hawley are smiling...

Trump's trying to stop the China's raising, however even if not only Trump but also Franklin and Jefferson try to stop China it is not gonna happen. Never ever it will happen. USA must sign a good deal with China If it wanna keep stay strong in the long term. TradeWar

And everyone could thank Trump for that.

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