What Would Be the Worst-Case Scenario in U.S.-China Trade Spat?

The transcript discusses the uncertainty in global trade relations, particularly between the US and China, and the potential economic impacts. It explores the possibility of reaching a trade agreement and the consequences of a worst-case scenario involving tariffs on all trade. The analysis includes potential GDP changes and the effects on the global economy, highlighting the risks of a recession in the US and China.

What are the potential consequences if the US imposes tariffs on all trade with China?

What impact could a recession in the US have on the European economy?

How might the global economy be affected if there is a prolonged period of uncertainty in trade policies?

What measures might Chinese policymakers take if their growth rate falls below 6%?

In the worst-case scenario, what would be the expected growth rate for the US economy?