Source: International Business Times
JPMorgan Chase CEO Jamie Dimon said President Trump's tariffs would strain the economy and test America's long-running economic alliances AFP JPMorgan Chase CEO Jamie Dimon warned Monday that US President Donald Trump's tariffs will likely lift inflation, describing himself as "very cautious" in light of the rising recession risk. "Whether or not the menu of tariffs causes a recession remains in question, but it will slow down growth," Dimon said in his annual letter to shareholders. Dimon, an influential figure in markets as the longest serving CEO of a major Wall Street firm, said the US economy had been steady "for years" but was "already weakening" even before Trump's watershed tariff announcement last Wednesday.
