21-02-2019 19:01 via feedproxy.google.com

Trump's proposed car tariffs could trigger a global growth recession, BAML says

A Commerce Department report this week was expected to portray car imports as a threat to national security.
That would give President Donald Trump 90 days to decide whether to levy proposed tariffs on vehicles.
Analysts say higher costs and supply-chain disruptions from new tariffs could cause a sharp downturn in global growth.
President Donald Trump has doubled down on threats to levy duties on car imports from Europe, a move that analysts warn could lead the world economy toward a sharp downt
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