JP Morgan maintains view that US-China tariff battle prone to escalate, all the way in which to 60%

JP Morgan has reaffirmed its baseline assumption that the US will elevate tariffs on Chinese language items to 60%, signalling expectations of additional escalation within the ongoing commerce battle between the world’s two largest economies.

In its newest evaluation, the funding financial institution acknowledged that whereas it continues to anticipate an intensification of tariff measures, the outlook stays clouded by appreciable uncertainty. “We preserve the view that the tariff battle between China and the US is extra prone to escalate from right here,” JP Morgan famous, including that the important thing unknowns lie within the timing, tempo, and magnitude of any future tariff will increase.

The financial institution highlighted that geopolitical tensions, home political developments in each nations, and the broader world financial panorama will play vital roles in shaping the following part of the tariff dispute. Regardless of the expectation of additional measures, JP Morgan cautioned that the trail forward stays extremely unpredictable, with potential shifts relying on diplomatic negotiations and shifts in financial coverage priorities on either side.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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