'If the U.S. were to implement 25% tariffs on all imports from China for 4-6 months and China were to respond with countermeasures, we believe we would see the global economy entering recession in
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.
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