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Monday, October 1, 2018

JP Morgan sees an all out trade war between the US & China.

https://www.theedgesingapore.com/jpmorgan-sees-all-out-us-china-tariffs-lowers-yuan-call

We also share the same view as JP Morgan.

Why?

If Trump loses the November mid-term election, he will continue to impose more tariffs against China because he knows that he will only be a one-term president and cannot continue to do so beyond 2020.  Therefore, he will have no qualms to harden his anti-China stance.

If Trump wins the November mid-term election, he has proven that his actions are right and will continue to impose more tariffs against China because he has the Congress support.

Either way, he will just continue to force China to submit to the US no matter what.


1 comment:

Eric Ho said...

https://sg.finance.yahoo.com/news/trump-apos-trade-victories-mean-072000705.html

Look like Trump is going all out against China now.