Economist: Trump's Trade War Will Cause 'Cataclysmic Recession'

[Vidal]

According to a report at Bloomberg, the chief economist at a major investment firm is warning the investment community that they are not taking President Donald Trump’s trade war seriously and that it may cause a cataclysmic global recession if he doesn’t back off.

“A recession could begin in as soon as nine months if President Donald Trump pushes to impose 25% tariffs on additional $300 billion of Chinese imports and China retaliates with its own countermeasures, according to Chetan Ahya, chief economist and global head of economics at Morgan Stanley,” Bloomberg is reporting, while noting that stock market just had its worst month of the year.

According to Ahya’s Sunday cautionary note, “Growth will suffer as costs increase, customer demand slows and companies reduce capital spending.”

According to Ahya, holding off the recession may already an impossible task at this late date, stating, “As the negative effects of the tariffs become more apparent, it may be too late for political action,” Bloomberg reports.

https://www.bloomberg.com/

[ooky]

1. Not to mention what a 25% tariff on Mexico would do

to America's manufacturing supply chain at home.

[ProudMNDemocrat]

2. To the Trumpers....How's all that WINNING doin' ya?

bet they won't have an answer when they go to Walmart for those cheap things made in China. only to find it is more expensive now to shop there.

[Amishman]

3. We can only hope, the economy is our real 2020 opponent

We might need major recession to fully retake power. The House is in the bag, the White House is extremely likely to be ours, but a strong economy could very well let them hold in to the Senate. Without the Senate, we can only undo a fraction of what Trump did. No major legislation, no progressive judges.

[Skraxx]

4. Of Course it Will, that's why Putin is doing it

[dalton99a]

5. The Great Trump Depression

the best depression ever!

[CrispyQ]

6. Cult 45 won't care as long as they can openly discriminate & piss off the libs.

The Con will blame it on Obama and the cult will believe him.

[Wellstone ruled]

7. Something we all need to watch as

a result of this article. Reduced Tax Revenue's are in direct proportion economic down turns. Less Revenue more National Debt. And you know,deficit spending will only slow the Process even more with Deflationary economy.