JP Morgan: The US-China Tariff Battle is Just the Start of a Global Trade Reordering

05/13/2019

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Eustance Huang | CNBC

KEY POINTS
  • As the relationships between countries shift over the next few decades, expect trade to remain a hot button issue, according to one analyst.
  • “As we start to move toward a multi-polar world, I think we have to recognize that these trade conversations are not fits and starts,” said James Sullivan, head of Asia ex-Japan equity research at J.P. Morgan.
  • Sullivan’s prediction comes as the U.S. and China continue to square off in a trade war that has roiled global markets. Last week, U.S. President Donald Trump hiked tariffs on billions of dollars worth of Chinese goods, and China threatened to retaliate.

As the relationships between countries shift over the next few decades, expect trade to remain a hot button issue, according to one analyst.

That prediction comes as the U.S. and China continue to square off in a trade war that has roiled global markets. Last week, U.S. President Donald Trump hiked tariffs on billions of dollars worth of Chinese goods, and China threatened to retaliate.

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