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.
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