Economists Warn of Rocky Road and Even Recession From Tariffs

Economists Warn of Rocky Road and Even Recession From Tariffs

Trade negotiations are possible, but the disruption is already here.

Economist: some measures can offset damage from tariffs

Some economists say long-standing tariffs will cause the U.S. economy to go into a recession. Wayne State University professor of business Marick Masters says there are offsetting measures. “I would expect if the economy were to begin to slow that the Fed would reduce interest rates,” Masters said. “And also, I think the Congress is on the verge of passing a major tax reduction plan that will stimulate growth. In addition, I would say there’s al…

Tuuli Koivu, Nordea's chief economist, believes that the trade war is more likely to deepen than before, and the risk of a recession has increased. Jukka Appelqvist, chief economist at the Central Chamber of Commerce, points out that China can afford to tighten the screw.