Trade deal or no deal, the tech sector is still in hot water: JP Morgan [CNBC]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: CNBC
show chapters While trade deal headlines continue to drive the market, a top global strategist says no matter the outcome, one hot sector still faces big China headwinds: tech. China is not likely to abandon its plan about accomplishing its 2025 targets even if a deal is struck, Anastasia Amoroso, global market strategist at J.P. Morgan, told CNBC's Futures Now on Tuesday. Even though for the time being we can still supply semiconductor chips and other technology to ZTE, I do worry about China's pivot away from some of the U.S. technology names as it tries to give itself greater assurance about its supply chain, she said. Beijing's Made in China 2025 program aims for a shift in the Chinese economy toward higher-quality innovation-focused manufacturing in areas such as robotics and biopharmaceuticals. Its goals put the U.S. tech leadership in jeopardy. U.S. companies in electronic technology derive 18 percent of total revenue from China, according
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