President Donald Trump's trade war with China could drive the global economy into recession in nine months if he implements threatened 25 percent tariffs on an additional $300 billion of imports from China, Morgan Stanley economists said in a Monday note.
Amid uncertainty caused by trade tensions, global growth is slowing. Trump's tariff announcements"raise downside risks significantly," the Morgan Stanley note said. said the note, which estimated that global growth would fall to a 7-year low by the end of 2019 if the new tariffs are implemented and China responds with countermeasures.
Source: Financial Digest (financialdigest.net)
tedlieu of course lie2u likes the fact that we might have a recession and people will suffer as he hates the president so much and doesn't give a damn about the people except his fb.
Trump is totally removed from understanding consequences from his ill considered impulses. Apparently devoided from intelligent advice.
We all knew his presidency & polices would lead to recession, a crash unlike any seen before & he & his demons will walk away with an increase in their net worth
I think Russia has instructed Trump to destroy America and donnie is hellbent on doing it; he is dragging america to hell right before our eyes.
9 months? Maybe to reach the top of the drip. The Primary sector is squeezed.
We can boost the job market by building gun turrets for school buses!
He wants recession to get the interest rates down because Obama got low interest rates and he wants some too. He will run the country into the ground to get what he wants. Then will announce a deal with china that is not worth shit but will be a surprise so he can gloat.
Let him go ahead; then run on the 'state of the economy' next year! Ha!! Election2020 fakepresident IllegitimatePresident
😀😁😆😄 why are you deceiving him ... He is running the best economy in the history of U.S ...he will invade your recession plan and tell them to go back to their country after building his wall..just hold on for it
He’s set his course, and he stubbornly will not alter it because to do so would mean having to admit he was wrong, and he will not do that. Economy be damned. Hear that, Trumpers? He will screw the economy to spare his fragile ego.
Orrrrrrrrrrrr, most likely, knock the crap out of China, lol.
Let any country that threatens President Trump over the tariffs, just tell them to stop talking, they didn't write the *Art of the Deal*, President Trump did...Enough SAID Probably not, to most morons
Don't you Democrats wish.
What we need is someone to run the country like a business ....... Oh right
Save your monies deplorables cause you with the rest of us are about to lose our jobs. Bloody racist.
Must be nice having your own, personal bootlicker.
Perfect timing to save the world.
hey old ppl who voted for trump kiss your 401k goodbye
He will back down but China may not.
Trump, who's been bankrupt many times, thinks he's a financial wizard but Morgan Stanley says otherwise.
Doing something that will cause a recession right before a presidential election when you're constantly selling the economy Not likely. I don't disagree with Morgan Stanley however.
And Trump doesn’t care about the impact on everday Americans! He keeps saying the impact is on China but he is either stupid or ignoring the fact tariffs are impacting Americans...not China!
I really hope it happens. Maybe then people will wake up to the monster in the WH.
Just in time.. no re-election for that clown
Americans stop buying 'made in china'. Buy American products... Simple.
Also, I feel like I shouldn't have to say this - but I am not a Trump supporter - just a guy who works in international trade and cares about the truth.
As a company that imports from China our net costs (cost + tariffs) have remained level or gone down. This seems more like JP Morgan trying to ingratiate itself with the communist party as they attempt to purchase a majority state in Chinese funds. DM me for details
Sure he didn't get his education on a wharf not Wharton?
Our kids in school are over medicated and now we are seeing the aftermath! Today there are almost nine million “YOUNG” children plus on psychoactive drugs for behavior disorders. This is about prescribing ADHD drugs to elementary children...this is not justifiable!!!
IF he implements them; it wouldn't be the first time he threatened to slap a country with new tariffs and then backed off.
LaniBeno Panic will set in way before that
GOP party of war and recession. Been that way for 40 plus years.
Ayeyiyi1 This is the plan.
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