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This morning Wall Street is buzzing with talk that the U.S.-China trade war could stretch on to 2035.

I think there’s just about no chance of that.

But we aren’t looking at the quick resolution of the dispute that seemed possible just 10 days ago. And we are looking for multiple rounds of escalation and retaliation. The next round of Chinese retaliation, in fact, could take place as early as this Memorial Day weekend.

I think it’s time to reduce China risk in my portfolio and yours even further.

Today, I’m selling Chinese e-Commerce and logistics company JD.Com (JD) out of my Volatility Portfolio on my subscription sites and The shares are down 4.73% as of 1 p.m. today but they are still ahed 14.06% since I added them to the portfolio on January 22, 2019.

And I’m selling U.S. luxury goods maker Tapestry (TPR), formerly Coach, with its big exposure to the Chinese market out of my long-term 50 Stocks Portfolio. The shares are down 2.24% today but still up 48.62% from my initial December 14, 2008 recommendation.