Morgan Stanley: America could go into recession before next spring if the US-China trade war escalates

3:32am PDT - June 3rd, 2019    fedex - Business Insider

The US economy could plunge into recession before next spring if the US-China trade war escalates, says Morgan Stanley's chief economist. If the Trump administration slaps 25% tariffs on $300 billion of Chinese imports and Beijing retaliates, America could en…