Business

A cooling of the US-China trade war is a bullish prospect for the stock market that few investors are considering, JPMorgan says

13 days ago   |   By Business Insider

Biden, xi meeting 2011 Lintao Zhang/Getty Images A cooling trade war between the US and China could have a big impact on the stock market, according to JPMorgan. The stock market would rise, inflation would cool, and supply chain bottlenecks would ease if Biden reverses existing tariffs, the bank said. "The possibility of easing US-China tariffs is a non-consensus tailwind for US and China equities," JPMorgan said. US stocks will have more upside ahead if the US reverses existing tariffs on China and lowers the temperature of the ongoing trade war, JPMorgan's Marko Kolanovic said in a note...
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China warns Biden that inviting Taiwan to his democracy summit is a 'mistake' after Xi told him he was 'playing with fire'

13 days ago   |   By Business Insider

Then-Vice President Joe Biden met with Chinese leader Xi Jinping in 2011. Lintao Zhang/Getty Images
China said the US made a "mistake" in inviting Taiwan to Biden's upcoming democracy summit.
Xi Jinping recently warned that Biden was "playing with fire" when it comes to Taiwan.
Tensions over Taiwan have contributed to an extraordinarily thorny dynamic between the US and China.
The Chinese government warned President Joe Biden that inviting Taiwan to the upcoming democracy summit he's hosting was a "mistake." China opposes "any official interaction between the US and China's Taiwan region...
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