Jamie Dimon Is Optimistic about US-China Trade Relations

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Jamie Dimon Is Optimistic about US-China Trade Relations

In his annual letter released on April 5, billionaire investor Jamie Dimon shared his views on the potential trade war between the United States (SPY) and China (FXI). Dimon believes that if the world’s two largest economies enter into a trade war, it will affect not only the two countries but also global trade. On March 22, when President Donald Trump announced that the United States would impose retaliatory tariffs on up to $60.0 billion worth of Chinese imports, the S&P 500 Index (SPY), the Dow Jones Industrial Average (DIA), and the NASDAQ Composite Index (QQQ) fell ~2.5%, ~2.9%, and ~2.4%, respectively, as global trade war concerns increased.

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