Jamie Dimon, CEO of JP Morgan, expressed concerns about the long-term impact of Donald Trump's tariffs in his investor letter, stating they might raise prices and push the US toward a recession. He highlighted uncertainties tied to retaliatory actions by other nations and effects on corporate profits, investment confidence, and the US dollar. Dimon warned that prolonged tariffs could weaken America's economic alliances, potentially benefiting geopolitical rivals. He indicated urgency in negotiating a resolution to mitigate negative cumulative effects of these tariffs on the economy.
Jamie Dimon cautioned that Donald Trump’s tariffs could lead to elevated prices and increase the likelihood of a US recession, warning of long-term economic effects.
The recent tariffs may bring difficulties in reversing their impacts, and could raise inflation and threaten US economic alliances, according to JP Morgan's CEO Jamie Dimon.
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