By CCN: Monday’s devastating stock market massacre wiped a staggering $1 trillion from equities valuations as the U.S.-China relations escalated into a full-blown trade war. American farmers, among the worst hit by the trade war, are saying they feel like “it can’t get worse,” but economists fear a global recession is next. Global Recession Will Bite if Trade War Escalates In a note to clients on Friday, Bank of America Merrill Lynch economists wrote: “A trade war, with across-the-board tariffs on US-China trade, would push the global economy towards recession.” This is the worst case scenario most economists fear from

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