Key Words: Dimon says U.S.-China tariff clash is a ‘trade skirmish’ not a war [MarketWatch]
JP Morgan Chase & Co. (JPM)
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Source: MarketWatch
Dimon says U.S.-China tariff clash is a ‘trade skirmish’ not a war Don’t call it a war. That was the message conveyed by JPMorgan Chase & Co. JPM, +2.90% CEO Jamie Dimon during an interview on Thursday with a CNBC affiliate in India . The head of the largest U.S. bank made his remarks as investors largely dismiss an escalation in trade tensions between the U.S. and China, with a fresh round of tariffs between the economic superpowers set to take effect Sept. 24. Friction in global trade has mostly created a psychological headwind to gains for stock investors, with Beijing retaliating by announcing levies of 5% to 10% on $60 billion in U.S. goods, following $200 billion in import duties announced by the hard-charging Trump administration. Dimon’s comments reflect a largely muted market response to those levies, with equity benchmarks trading near records. The Dow Jones Industrial Average Some market participants have attributed the ho-hum response to latest threat of a tariff spat t
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