It’s 3 days before D-day for China. President Trump is supposed to decide on slapping 25% tariffs on some $150 billion worth of consumer goods from there. It now looks like those tariffs will be put on hold
... [+]Andrew Harrer © 2019 Bloomberg Finance LP
JPMorgan Chief Executive Jamie Dimon was popular this morning on financial Twitter for his lobbying for a trade deal. Few think Dimon brings anything remarkable to the table on this anyway. This is the Davos crowd hemming and hawing about free trade, something China has never practiced. Investors shouldn’t be surprised if the velvet comes off the gloves in 2020, barring a surprising change in policy from Beijing.
considering reducing existing tariff rates by as much as 50%. Without major concessions from a Xi, a rollback of that magnitude would be a China win heading into 2020.That’s because companies are continuing to relocate out of China due to the higher costs of doing business there and trade uncertainty.that 23% of its member firms in China have either left China or are considering it.
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