Tudor Jones says next round of China tariffs could tip us into a recession

CNBC
Date: June 12, 2019
By: Yun Li@YUNLI626

KEY POINTS

  • “It’s a huge deal. I would say if they get implemented and we go to the $500 billion, I think certainly it’s possible it could tip us into recession,” Tudor Jones said in an interview Wednesday on Bloomberg TV.
  • President Donald Trump had threatened to put duties on another $300 billion in Chinese goods if a trade agreement is not reached soon.

Paul Tudor Jones
Photo By: Leanne Miller | CNBC

Hedge fund billionaire Paul Tudor Jones believes the market is underestimating the economic impact of tariffs.

“We’ll really have to see the impact they are going to have and if the next round of tariffs gets implemented. It’s a huge deal. I would say if they get implemented and we go to the $500 billion, I think certainly it’s possible it could tip us into recession,” Tudor Jones said in an interview Wednesday on Bloomberg TV.

“We haven’t seen anything like this in 75 years right? … There’s no playbook for this. You got this interconnected global economy that now all of a sudden for the first time in 75 years we are seeing free trade not being expanded but being diminished … I think it would have a bigger impact economically than what the market thinks,” he added.    [FULL  STORY]

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