News Code : 43314

Morgan Stanley:

Petrotahlil :Morgan Stanley/If the US President Trump delivers on his most recent promise to raise tariffs on Chinese goods and China responds, the global economy will be in recession in the next 6 to 9 months.

On Friday, President Trump tweeted that the US will raise tariffs on $250 billion worth of China's goods from 25% to 30% starting and impose a 15 % levy on the remaining $300 billion of goods.

Morgan Stanley economists fear the latest escalation could finally push the global economy off the edge and into recession.

Follow us on twitter @petrotahlil 


Send Comment