JPMorgan is now forecasting an all-out trade war between China and the US — and it could cause havoc for Chinese stocks
|10/04/2018||Posted by BusinessMediaguide.Com under General World News||
- JPMorgan initiated a new base case for the trade war — tariffs on all trade flowing between China and the USA.
- “A full-blown trade war becomes our new base case scenario for 2019,” a note from analysts including Pedro Martins Junior and Rajiv Batra said.
- This, alongside domestic factors, could push Chinese stocks lower.
The Trump administration is likely to proceed with tariffs on all China’s imports into the US by some point next year, according to an analysis by JPMorgan published this week. If the prediction comes true, it could spell trouble for Chinese stock markets.
“We now assume US-China trade war enters read more >>>