JP Morgan Expects ‘Full-Blown Trade War’ Between U.S. and China
October 04, 2018 at 12:03 PM EDT
If the tariff-for-tariff tradeoff between the United States and China resembles a mere scuffle, multinational investment bank J.P. Morgan expects it to escalate into a full-blown trade war. The firm lowered its ratings for Chinese stocks from neutral to overweight, citing that the trade wars will...