JP Morgan: The US-China tariff battle is just the start of a global trade reordering

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JP Morgan: The US-China tariff battle is just the start of a global trade reordering
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As the relationships between countries shift over the next few decades, expect trade to remain a hot button issue, according to one analyst.

"As we start to move toward a multi-polar world, I think we have to recognize that these trade conversations are not fits and starts," said James Sullivan, head of Asia ex-Japan equity research at J.P. Morgan.

Liu He, China's vice premier, left, speaks with Robert Lighthizer, U.S. trade representative, from right, and Steven Mnuchin, U.S. Treasury secretary, while departing the Office of the U.S. Trade Representative following a meeting in Washington, D.C., U.S., on Friday May 10, 2019.continue to square off in a trade war that has roiled global markets. Last week, U.S. President Donald Trump hiked tariffs on billions of dollars worth of Chinese goods, and China threatened to retaliate.

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