JP Morgan: The US-China tariff battle is just the start of a global trade reordering
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.
Those developments — which followed speculation that the world’s top two economies had been close to inking a trade agreement — sent shockwaves through global markets. As countries, including China, accrue more power on the global stage, investors should expect more trade arguments ahead, according to James Sullivan, head of Asia ex-Japan equity research at J.P. Morgan.
For more see: CNBC
OODA network members should also continue to track our special geopolitical risk reporting at: OODA Network Resources.