JPMorgan ditches call to buy Chinese stocks, citing ‘Tariff War 2.0’ risk

JPMorgan has ditched its buy recommendation on Chinese stocks, warning of the risk of a second tariff war after November’s U.S. election and citing worries about the country’s growth.

“The impact of a potential ‘Tariff War 2.0′ could be more significant than the first tariff war.”China’s CSI 300 stock index has fallen more than 40% since hitting a record high in 2021, with the country increasingly in economic conflict with the United States and suffering from a property crisis.

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