The trade war between the US and China is pushing America closer to a recession, according to UBS economist Seth Carpenter.
A new round of tariffs went into effect on September 1, and they trade war showing no sign of slowing.
Carpenter says it increases uncertainty for businesses going forward and could impact consumption and unemployment.
While UBS's house view is that the US will avoid recession, Carpenter says there are still downside risks.
Read more on Markets Insider.
Read this story at Business Insider