Global recession fears fueled by Trump's trade war

Some economic analysts and forecasters are sounding the alarm that President Donald Trump's trade wars could be leading the global economy toward a crash. CNN's Clare Sebastian reports.
#CNNBusiness #Tariffs #Trump

[henryl]

The US doesn’t have any credit anymore.

[JustFrugalMe]

The truth is no one can accurately forecast the timing of the next recession, but a downturn is part of a normal economic cycle. It is important that we are doing all we can to withstand the fallout from a crashing economy. Whether the storm is on the horizon or not, it’s always a good time to make sure you’re financially secure.

[GorgonDrageil]

3:24 - 3:31 The *glee* with which she whipped out that umbrella was unwarranted...

[tommyy]

This President is one of the greatest President. But he should have focused on the strongest enemy.

[phollywood]

Short term pain for long term gain? Makes perfect sense to me.

[andycalifalf]

Trump should just raise taxes on the middle class and the poor, it would be the same thing to keep feds from raising rates.

[niory]

Uncertainty leads to changes ... leads to better future .... embrace uncertainty and be childish !

[mackjeez]

Global GDP went up from 80.15 Trillion Dollars in 2017 to 84.75 Trillion in 2018 and from current trends it's on it's way to about 87.5 Trillion in 2019. Worse case scenario it will have a gain of 3.1 Trillion dollars instead of 3.6 Trillion Dollars, the impact is so small it's 0.5% of the worlds GDP.

[jamessu]

His trade war on countries r fully of dirty tricks & bullying. Not what the bible said - the greater shall serve the lesser.

[loxybliss]

The NAFTA deal eliminated tariffs and that's when we started to head into the recession. Historically tariffs have been imposed to bolster domestic economy, by forcing production of local goods, consumption of local services and utilization of domestic resources. High tariffs only hurt countries with limited resources (small countries). And I agree with him, the trade war is a disaster for world economy, but not the U.S . We'll be just fine. Also, we literally have a money tree. That's why we're always in the middle East fighting for it and protecting it. Or did you really think that we were there to protect the local's human rights lol?!?! We didn't have a problem with them beheading their gays, oppressing their women or abusing their children until they started to interfere with our exploitation of their domestic resources.
And why is he referring to the continent of Africa like it's one country and using it as an example of failure? Rhetoric like that is what makes people think it's a super poor archaic place. There are very prosperous and technically advanced countries there. Their economic practices and strategies differ from the unsuccessful countries there. They just can't pull up the continental average because there aren't many of them.

[durian]

The world and US economies are already in recession since 2008. The excessive borrowing by companies, consumption fueled by debt and uncontrolled QE by central banks worldwide prevent the business cycle to oscillate properly. Business down-cycle clear up the excess and the inefficient economic units so that new units can emerge in the up-cycle. With digital technology, debt will grown even bigger. Words like trillion and quadrillion used to describe stars and galaxy in astronomy. Now they are common in finance and banking. So global recession may not be a bad thing after all... compare to military war.

[hassan]

Maybe BOA isn't the best guide for economics and commerce

[healthcarematters]

Crap NN gossips to fear monger. Save NAFTA unfair trade agreement.

[vriendelijkegroet]

Trump, running the US like a company that ultimately files for bankruptcy...sounds familiair anyone?

[greatsky]

What will happen, if China doesn't want to negotiate the tarifs and let it be as it is for 5 years?

[TheFinancialScout]

Is the president a market manipulator? Imagine if his family members bought into the stock market right before he announces a trade deal. Vote for someone who will put humanity first. Andrew Yang for 2020.

[montychristo]

"ItZ NAughT MuH TrUmPs FaULt FoR a ReSeSSioN!!! ItZ DaH MeSSiCaNS aN DuH BLeckS, DeY DiD iT, DaY DuH PrOBleM!!! An DuH MuZLuuMS TOo!!! HuWaiTe poWAH!!!"
😂😂😉

[SWW]

I'm wondering if you have 0 credibility or can it go negative?

[Street]

CNN in the viewership ratings at Prime Time - ha hah ahhahhahhhahhhahh hahah hahah hahha ahhahha hhha hahhah hhahahahhahaahhah    ha ha hah aaaa ahahha hahha ahhah ahhhahah ahhhaha ahhahahha hhhha ahhahahah ha ah ahaha hahahah ahaha  ha ha  ha ahh ah    ahha hhaha hha aha hahha ahhah ahha ahahha ahha  a ahha ahha ahah ahhah a hhha aha ahha hah ahahhahahhah ahhahah ahha hahahhaha  (need a ha ha hah ahha ahhah ahhahhaha hahhaha hahhaha h ahahahhahha ha ha ha ha ha ahajaaahahh ahahhahha ha a ahhahha ahha ahha ahhahhahahahhah ahhaha ahhah ahha hhh ha ha ha hah h ha hah ahha  ahhahhahah hahahah a a hahaha haha....tee hee.

[arrowstheorem]

World recession is a great thing. Many Opportunities