Morgan Stanley Warns of 70,000 US Monthly Jobs Hit From Trump Tariffs
- Economists map out potential impact of Trump tariff hikes
- GDP growth would see drag for ‘several quarters,’ bank says
The higher tariffs would crimp also investment spending as well as consumption according to the bank.
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Morgan Stanley economists estimated that implementation of Republican tariff-hike proposals would drive up inflation and impose a hit to US economic growth that undercuts employment.