JP MORGAN: US-CHINA TARIFF WAR COULD ESCALATE TO 60%

JP Morgan warns that the US-China trade war might get worse.
There is a lot of uncertainty about what will happen next.
They believe the US will increase tariffs (taxes on imports) from China.
Tariffs could go up to 60%.
This means higher costs for Chinese goods in the US.
The trade conflict between the two countries may escalate further.