Morgan Stanley Chief Global Economist Seth Carpenter Talks Tariffs

Seth Carpenter, Chief Global Economist at Morgan Stanley, dives deep into the long-term effects of tariffs initiated by the Trump Administration on Canada and Mexico. He discusses the economic uncertainty faced by businesses and consumers. Carpenter highlights the impact of these tariffs on employment and consumer spending, emphasizing risks in manufacturing. Furthermore, he analyzes how tariffs affect global trade, particularly in agriculture and apparel, and the potential recession risks for Mexico amid fluctuating currency and inflation.