Morgan Stanley Warns of 70,000 US Monthly Jobs Hit From Tariffs

Morgan Stanley economists estimated that implementation of Republican tariff-hike proposals would drive up inflation and impose a hit to US economic growth that undercuts employment.

“If the proposed tariffs are fully implemented, we estimate a near-term acceleration in the inflation rate, and a delayed drag in GDP growth,” Morgan Stanley economists led by Seth Carpenter wrote in a note Monday.

The bank’s economists and strategists modeled a scenario in which Donald Trump wins the White House and quickly moves to implement a 10% additional blanket tariff on global imports and a 60 percentage points additional tariff on inbound shipments from ...