5/7/2020, 10:34 AM (Source: TeleTrader)
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JPMorgan warns of dangers of US-China feud

Any rise in tensions on trade between the United States and China would be "the last thing" the world needs, JPMorgan Asset Management's Alexander Treves told CNBC on Thursday.

Commenting on China's better-than-expected trade figures, Traves warned that if Washington starts claiming the export figures "show that somehow China’s been benefiting unfairly, compared to expectations from the current situation," the US will most likely be prepared to act with a tougher stance on trade. The executive also said that the export data from China for April hints that economies could be reacting better amid the coronavirus crisis than initially thought. However, he added that the US-China trade balance numbers still remain to be seen.

Earlier, the US blamed China for the coronavirus pandemic, with President Donald Trump saying that the trade deal with China is secondary to finding out how the pandemic began.

Breaking the News / VP