JPMorgan's Dimon Puts Odds of China-U.S. Trade Deal at 80%
- Bank chief strikes optimistic note amid increased tensions
- No trade agreement would be better than a bad deal, he says
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JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon put the odds of the U.S. and China reaching a trade deal at 80 percent, sounding a note of optimism even after the rising specter of tariffs roiled global markets.
Despite the recent increase in tensions between the sides triggered by tweets from U.S. President Donald Trump, the bank chief said in an interview with Bloomberg Television that it remains probable there will eventually be an agreement. He said, however, that global growth would be hit if the talks go “really south.”