CEO of JPMorgan Chase warns about economic impact of new tariffs by President Trump.
Jamie Dimon, the CEO of JPMorgan Chase, in his annual letter to shareholders, cautioned about the economic consequences of President Donald Trump’s new tariffs. He emphasized that these tariffs could worsen inflation and disrupt economic growth. Dimon stated that the US economy was already showing signs of sluggishness before the announcement of these tariffs, and this additional pressure could exacerbate existing challenges and push the country towards a recession. These retaliatory tariffs include a basic 10% tax on all imports, causing significant market fluctuations.
