This trade war scenario could spark doom, strategist says (via CNBCFuturesNow)
In a note to clients, Medley Global Advisors managing director Ben Emons wrote a dire situation would unfold if U.S. trade with China entirely stops. As a result, large automakers, technology and industrials could see a severe decline in annual sales.
According to Emons, "This could be the equivalent of a financial crisis given the large market capitalization of the groups in"If you are actually going to stop businesses from doing business in China and China can retaliate that way, too, you really are looking at what we call a doom scenario, right? Where the trade between U.S.
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