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9/25/2019, 5:38 PM (Source: TeleTrader)
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Dimon: US-China deal ‘unlikely’ before 2020 election

Speaking at the Bloomberg Global Business Forum in New York, CEO and chairman of JPMorgan Chase, Jamie Dimon, said that he doesn’t expect US and China to agree on a trade deal before the 2020 election.

"I don’t expect it to happen before the elections, tell you the truth, but I hope after that we have a fair trade deal," Dimon said, adding that China should take trade "more seriously than they have."

Dimon noted that the US is in a superior position to China in many respects saying that even if the US does a "crappy job" running this country for the next 30 years, its GDP per person will be "three times theirs 30 years from now."

Breaking the News / TF