US President Donald Trump has alluded to seeing his Chinese counterpart Xi Jinping as an “enemy”. Photo: AP

US-China trade war escalation seen moving global recession risk closer to tipping point

  • Bank of America Merrill Lynch survey shows 43 per cent of respondents expect a US recession in 2020 while Morgan Stanley economists predict global growth to average 2.7 per cent in coming quarters
  • Economists say tit-for-tat tariff increases point to no deal in the short term and disintegration of US-China relationship
Topic |   US-China trade war

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US President Donald Trump has alluded to seeing his Chinese counterpart Xi Jinping as an “enemy”. Photo: AP
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Karen Yeung

Karen Yeung

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.