Donald Trump’s proposed tariffs will dent U.S. economic growth going into 2026, said Morgan Stanley’s chief global economist Seth Carpenter.
President-elect Trump has stated that he intends to impose a blanket tariff of 10% to 20% on all imports, along with extra tariffs ranging from 60% to 100% on goods imported from China. During the September Presidential debate, he described this approach as a means to extract funds from competing countries.
There is also a question of when and how swiftly these tariffs get implemented. In the event that they are enacted all at once, they could result in a “big negative shock” to the economy, Carpenter told CNBC’s Sri Jegarajah on the sidelines of Morgan Stanley’s annual Asia Pacific Summit in Singapore.
Carpenter, who maintained Morgan Stanley’s base case of these tariffs being spread over 2025, said they would lead to higher inflation.
“Then into 2026, we think growth starts to come down a great deal in the U.S. because of those tariffs and some of the other policies,” he cautioned.
“Very clear, tariffs push up inflation. Very clear, tariffs are a drag on growth for the U.S., not just for the countries that the tariffs are put on,” Carpenter added.
Its probably going to wind up making China a lot more powerful.
That’s what useful idiots are good for.
a means to extract funds from
competing countriespoor and middle class americansfixed that.
he still has no fucking clue how tariffs work.
“Donald Trump was the dumbest goddam student I ever had.” Dr. Kelley (Wharton professor)
no shit.
Congrats! Always nice to see people getting good news en route to getting what they asked for.
The dildo of consequences rarely comes lubed.
“Growth” is possibly the dumbest metric we’ve been sold.
But now every publicly traded or VC backed company has to “grow” constantly at a multiplicative rate endlessly. Can’t be happy making some number of units a year. Gotta diversify and keep finding new ways to grow the business.
God forbid anybody mentions market saturation, or even worse: long term customer satisfaction.
No, profit and dividends weren’t enough. Growth offers more faster, so torch anything that stands in the way.
I feel you… but without “growth”, how will all these children get job, and how will we get promotions?
All so Musk and Bezos can build bigger yachts
Y’all are going to be without jobs while the corporate buddies come and take all your shit. Good job, America.
so nothing has changed. whew, was worried for a sec
Now do mass deportations economic effect. Gonna be shit for the USD
The tariffs are going to be the least of America’s problems.
Watch The Road become everyday life in the next four years.
Good. Americans need to get to the Find Out stage hard.
puts?
Yeah I want to cash in like I did during the pandemic (and lost because I expected a W and we got a V). But I’m more concerned this time the dipshit in chief is going to flip the casino. When do we totally cash out?
Thats the question isn’t it I have no idea these days lol. Everything happens so fast now
2026
Fuck Morgan Stanley
He won’t do it. He wanted to get out of jail. That’s it.
He won’t be able to do any of the dumb shit he promised with Executive Order alone.
What has SCOTUS possibly done to show that they won’t rubber stamp each and every thing he does.
Edit: That’s not to say the tariffs are going to go through. I’m not sure they will. Rule #1 is you do not fuck with the bag and this is just about the definition of fucking with the bag
I’m saying by “EXECUTIVE ORDER ALONE” it is not possible. It’s really fucking clear in my comment.
There is no practical difference when SCOTUS will rubber stamp things
Practical differences are what matter.
No. What’s good for the Goose, is good for the Gander.
For every dumb fucking ruling by a rigged SCOTUS, there is another case waiting. They can’t continue and expect to be legitimately arguing their own idiot decisions.
I was on copium for a while, now that I’m clean I just deal with life using regular drugs.
He won’t be able to do any of the dumb shit he promised with Executive Order alone.
He won’t need to. He’s got Congress and the Supreme Court to do what he wants.
doomsday scenario number 6:
senate takes the ‘nuclear option’ on killing filibuster (but reinstates it before midterms) with just a simple majority.
house and senate pass every stupid fucking thing donvict has pulled out of his diaper, everything in project 2025, and anything else the masters-of-the-strings want.
Democrats were literally saying this was an option 6 months ago, as well as expanding and packing SCOTUS. I 100% expect these pieces of shit to take that note and do it instead because they have the opportunity.
Who are we blaming about it though?
You?
