(Morning News) Morgan Stanley chief economist pointed out that if US President Trump levies 25% tariffs on imports of imports from US $ 300 billion (about S $ 410.7 billion), and China will also take countermeasures to retaliate againstThe fastest global economy will begin to fall into recession after nine months.
Bloomberg reported that Morgan Stanley Chief Economist and global economic director Chetan Ahya said in a report: My recent dialogue with investors has enhanced the views on the impact of the impact of trade tensions in the market.He pointed out that investors generally believe that trade disputes may last longer, but they seem to ignore the potential impact of the global macro prospects.
Goldman Sachs then issued a warning.The bank is currently expected that the United States will impose tariffs on the remaining US $ 300 billion in Chinese imported products, and it will also impose taxes on all Mexican goods.
Goldman Sachs reduced the growth of US growth in the second half of the year, about 0.5 percentage points to 2%, which greatly increased the subjective probability of the Federal Reserve's interest rate cuts.
The dispute between the Trump administration and China has been upgraded. Both parties have accused the other party of responding to the breakdown of the negotiations, and the trade tensions between the United States and the European Union are also brewing.
