Market Nervous On Possible US-China Trade War Escalation: Geoff Dennis
  • WebDesk BTVI
  • Aug 02 2019

US President Donald Trump said he plans to impose a 10 per cent tariff on $300 billion of Chinese imports from September 1. Geoff Dennis, Independent Emerging Markets Commentator, said the market is nervous on possibility of escalation of trade war between the US and China and this may end up pushing the global and US economy into recession. He expects the US economy to slip into a recession in the next 18 months or so. Here's more.