Excerpt from NPR’s article, Is The U.S. Headed For Recession?:
Just about all economists agree there is one thing that could eventually drive the economy into recession: a trade war.
David Kotok, chief economist with Cumberland Advisors, says Trump is playing a dangerous game. “Who wants to play a game where everybody loses?” Kotok says.
Already Kotok says he’s lowered growth forecasts for the second half of the year. Beyond the angry trade rhetoric, he says, the White House lacks a coherent approach to trade policy.
“You don’t invite compromise when you scream at the other guy,” Kotok says. And, beyond that, he asks: “What’s the policy of the United States? Is it Navarro? Is it Mnuchin? Is it Wilbur Ross? Is it Larry Kudlow? Is it the president, who changes his mind back and forth every day? How do you proceed?”
Read the full article here: NPR: Is The U.S. Headed For Recession?