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.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

As Poilievre and industry call for Chinese EV tariff package, Liberals say stay tunedConservative Leader Pierre Poilievre is calling on the federal government to slap tariffs on Chinese electric vehicles, steel, aluminum, critical minerals and other products, backing calls from industry for Canada to act in alignment with its allies.
Source: CTVNews - 🏆 1. / 99 Read more »