Morgan Stanley warned that a collapse in trade talks between the United States and China could tip the global economy toward recession. The caution comes a week after Bank of America warned that the ongoing trade war between the world’s two largest economies could “push the global economy into recession.”
“We are unconvinced that companies will generally be able to fully offset tariff costs through raising prices or through cost efficiencies elsewhere, meaning tariffs will press on margin,” Wilson said, according to CNBC.
He said that if Trump followed through on his threat to levy 25 percent tariffs on remaining Chinese imports,
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