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JP Morgan: The US-China tariff battle is just the start of a global trade reordering
video As the relationships between countries shift over the next few decades, expect trade to remain a hot button issue, according to one analyst. That prediction comes as the U.S. and China continue to square off in a trade war that has roiled global markets. Last week, U.S. President Donald Trump hiked tariffs on billions of dollars worth of Chinese goods, and China threatened to retaliate. Those developments — which followed speculation that the world’s top two economies had been close to inking a trade agreement — sent shockwaves through global markets. As countries, including China, accrue more power on ... (full story)