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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