Central Banks Unlikely to Bail Out Markets If Trade War Worsens: JPM

The transcript discusses the significant impact of the ongoing trade war on the global economy, emphasizing the need for trade tensions to ease. It highlights the challenges of predicting trade developments and the potential risks of an economic downturn if tensions escalate. The discussion compares the importance of trade policy versus monetary policy, noting that central banks may struggle to counteract severe trade disruptions. The potential consequences of increased tariffs, particularly on China's exports to the US, are also explored, with concerns about the ability of central banks to mitigate these effects.

What scenario does the speaker imagine regarding tariffs on China's exports to the US?

What does the speaker suggest about the equity market's reliance on central banks?