Treasurys. The J.P. Morgan officials behind the index said that such a dynamic makes sense since the president has been pushing the Fed to cut interest rates again as the U.S.-China trade war puts pressure on the global economy.Containers being transferred at Qingdao Port on July 13, 2018 in Qingdao, Shandong Province of China.in August as shipments to the U.S.
slowed sharply, pointing to further weakness in the world's second-largest economy and underlining a pressing need for more stimulus as the trade tensions escalate. Beijing is widely expected to announce more support measures in coming weeks to avert the risk of a sharper economic slowdown as the United States turns up tariff pressure. On Friday, China's central bank reduced so-called bank reserve requirements for a seventh time since early 2018 to free up more funds for lending.