Reported about 15 hours ago
President Trump's recent tariffs on Canada, Mexico, and China have unsettled Wall Street, with economists warning of potential economic fallout. Analysts project that these tariffs could lead to increased inflation and reduced growth in the US. Firms like Morgan Stanley and EvercoreISI anticipate significant consequences for the economy, including a possible recession in Mexico and a drag on US GDP. The analysts suggest that while immediate retaliation from China may be minimal, Trump is likely to impose further tariffs later, keeping trade tensions high.
Source: YAHOO