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

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

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