The stock market is rallying as trade tensions between the United States and China appear to be abating. But one prominent investor is still very, very concerned about the possibility of a trade war.
The United States and China have spent weeks threatening each other with higher tariffs on goods worth tens of billions of dollars, measures that could trigger a full-blown trade war if enacted.
The United States was the architect of the rules that govern global trade -- but these days, it's China that's positioning itself as the defender of the system.
Diana Farrell is the President and CEO of the JPMorgan Chase Institute, which publishes data analyses and insights that leverage the firm's proprietary transaction data. Previously, Diana was the Deputy Director of the National Economic Council, as well as Global Head of the McKinsey Center for Government and the McKinsey Global Institute. The opinions expressed are her own.
1. China's great market opening? US stock futures were higher early after Chinese President Xi Jinping said his government would "significantly lower" tariffs on vehicle imports this year as part of efforts to further open its giant economy to the world.
