JPMorgan Chase CEO Jamie Dimon warns tariffs likely to push inflation higher
Baggin Capital Management President Rayan Pain discusses President Donald Trump falling down the threat of falling, as Varyne and Q.
Jpmorgan chase ceo Jamie Dimon: In a letter to shareholders on Monday, which President Donald Trump’s tariffs will probably “increase inflation” both on external and local goods, it is worried about what is affected by the American Economic Alliance.
“Whatever you think about the legal reasons for the newly announced tariffs, and, of course, there are some or long-term impact, good or bad, there are important short-term consequences Trump Tariffs:A number
“As far as short-term, we will most likely see inflationary results, not only imported goods, but also on domestic prices, and rising on domestic goods decreases.
He continued to write that there are “many uncertainties” in the “Including US Trading Partnership Action” programs, which can affect economic prospects, adding that these negative consequences will be done over time.
JPMorgan Chase Ceo Jamie Dimon published his annual letter on Monday, which contained warning about the impact of tariffs. (Al Drago / Bloomberg Getty Images / Getty Images)
“The potential Response activities:Including services, other countries, impact on trust, influence on investment and capital flows, affecting corporate profit and possible impact on US dollar, “he said.
“The more quickly this issue is solved, the better, because some negative consequences are accumulated in the cumulative and will be difficult to oppose.
“I hope that after the talks, the long-term effect will benefit some positive benefits for the United States,” Dimon said. “My most serious concern is how it will affect America’s long run Economic alliances“
Fed Chari Powell says tariffs likely to climb inflation can be stubborn
President Donald Trump has announced tariffs for US trade partners last week to raise markets. (Chip Somodevilla / Getty Images / Getty Images)
Dimon wrote that the United States must “remember that other nations have elections, both in the short-term, long-term perspective, and they will make these elections on economics, security and reliability.
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“The United States is lacking Commercial contracts Some of his closest allies, many of whom have signed trade deals with China. We need to look more actively for free (and, of course, fair) trading agreements, particularly strong allies, such as Australia, Japan, United Kingdom and one day, the European Union that can be implemented for both sides.
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