David Lin: We’re Closer to Recession, Who Wins the Trade War

The ongoing trade war between the US and other nations, particularly China, continues to cast a long shadow over the global economy. Concerns about its potential impact, ranging from slowing growth to outright recession, are repeatedly raised by economists and analysts alike. Recently, Vincent Reinhart, Chief Economist at BNY Investments, weighed in on the situation, highlighting the worst-case scenario and suggesting we may be closer to it than many realize. Speaking with David Lin, Reinhart painted a concerning picture of the potential economic fallout stemming from escalating tariffs. He emphasized that the traditional understanding of tariffs – simply a tax…