Morgan Stanley's Michael Wilson says companies will have a tough time offsetting the cost of higher tariffs, which could tip the U.S. economy into a recession.
Morgan Stanley's Michael Wilson tells clients that companies will have a tough time offsetting the cost of any new or higher tariffs, which could tip the U.S. economy into a recession.
The U.S. economy could fall into a recession if the country's trade war keeps escalating, Morgan Stanley's Michael Wilson said Monday. If the U.S. puts tariffs on the rest of China's imports, there could be especially dire consequences, Wilson said. Trump told reporters at the White House on Monday that he has not made the decision yet on whether to put tariffs on the additional $325 billion in Chinese goods.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Morgan Stanley says it's too easy to own a Tesla now and that's hurting the brandTesla's mass market growth may hurt the brand's appeal and diminish demand for its cars, Morgan Stanley said on Friday.
Read more »
JP Morgan: The US-China tariff battle is just the start of a global trade reorderingAs the relationships between countries shift over the next few decades, expect trade to remain a hot button issue, according to one analyst.
Read more »
Morgan Harper Nichols Is Carving Space For A New Kind Of Professional ArtistNichols offers important advice for aspiring artists: go freelance and explore what you like before you commit.
Read more »
Kinder Morgan Canada to remain independent after strategic reviewPipeline company Kinder Morgan Canada Ltd said on Thursday it would continue as ...
Read more »
Tesla Stock Could be Facing a New Risk: Used TeslasMorgan Stanley automotive analyst Adam Jonas thinks that the growing number of Teslas on the road could negatively impact new-car demand. While more cars “is a form of free advertising, there may be a simultaneous price to pay in terms of eroding scarcity value.”
Read more »
Apple Is Caught in the Middle of the Trade War With ChinaMorgan Stanley analyst Katy Huberty concluded that tariffs would raise the cost of an iPhone XS by some $160, significantly raise Apple’s cost of goods sold, and ultimately slice 24% off its fiscal 2020 EPS forecast of $12.67.
Read more »
If these stocks break down, then you know the trade war is seriousA downturn in the semiconductor space would be a meaningful warning sign in the trade war with China, J.P. Morgan say.
Read more »
Bode Miller, wife are expecting child — almost one year after daughter's drowning deathFormer Olympic skier Bode Miller and his wife revealed they are expecting a child. The couple's 19-month-old died last year in a drowning accident.
Read more »
Private prison company GEO Group is worried that public pressure to divest could hurt its bottom lineJP Morgan and Wells Fargo divested from private prisons after a massive public pressure campaign. GEO Group is worried about what may come next.
Read more »
JP Morgan: The US-China tariff battle is just the start of a global trade reorderingAs the relationships between countries shift over the next few decades, expect trade to remain a hot button issue, according to one analyst.
Read more »