JPMorgan chief Jamie Dimon warns trade war risks recession and higher prices

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JMMorgan Chase, Jammor Dimon warned that the World Trade War risks US economy to increase prices at the same time, dilapidating country’s long-term alliances.

Monday to the widely read the shareholders in widespread Tariffs: Last week, US President Donald Trump “probably added inflation and will discuss a greater chance of falling.”

“The more quickly this issue is resolved, the better, because some of the negative consequences are accumulated at cumulative over time and will be difficult to counteract.” Damo wrote

He said that many uncertainties were left of planned tariffs, including other other countries, and their impact on business trust, investment and capital flow.

“I hope that after the talks, the long-term impact will bring some positive benefits for the United States,” Dimon added. “My most serious concern is how it will affect America’s long-term economic alliances.”

The comment of JPMorgan has been one of the most influential voices of Wall Street since 2006, reflecting Grows in corporate America About possible economic damage that Trump’s tariffs can cause.

He said that tariffs will probably be in the United States in the short term and will be added.

The US economy remained resistant, despite “unresolved landscape,” said Dimon, and the business appeared, and consumers were still spending.

Dimon, who described himself as a democrat, but whose views have been different since the party in recent years, more than a year more than a year old geopolitical risks.

In 2024, he told the shareholders that Russia’s conflict with violence in the Middle East has caused risks to a level since World War II.

Although he criticizes the Spitak Home Tariff Plans, Dimon expressed support for his efforts to ensure the country’s borders and said that the Republicans are right on business and “cut off unnecessary, mind, nodding, murder regulations.”

Global Stocks dipped on Monday, deepening on a route More than 5TN Thursday and Friday from US stock.