Jamie Dimon Warns of Recession Due to Trump’s Tariff Policies

JPMorgan Chase CEO Jamie Dimon has expressed significant concerns over the potential economic fallout from former President Donald Trump's proposed tariff policies. In recent statements, Dimon warned that the U.S. could be heading towards a recession if these tariffs are implemented, highlighting the potential for increased costs and economic instability.

Dimon's comments come in the wake of Trump's suggestion to impose new tariffs, which he believes could lead to higher prices for consumers and disrupt global trade. The CEO's warning has sparked a broader discussion on the economic implications of such policies, with many experts echoing Dimon's concerns about the potential for a downturn.

The issue has gained traction across various media outlets, with reports from CNBC, Axios, CNN, and NPR all covering Dimon's statements and the potential economic risks associated with Trump's tariff proposals. As the debate continues, the focus remains on how these policies could impact the U.S. economy and the global market.

• Donald Trump
• Jamie Dimon
• JPMorgan Chase

Related issues news

Will tariffs lead to a recession?

Taxing all imports will lead to greater costs for U.S. businesses, which will then raise prices for U.S. consumers, and may well bring the U.S. into a recession, a sustained economic decline.

What to expect in a recession?

What happens in a recession? During periods of recession, companies make fewer sales, and economic growth stalls or becomes nonexistent. To cut rising costs, organizations may be forced to lay off large portions of their staff, resulting in widespread unemployment.

Why are we in a trade war?

An economic conflict between China and the United States has been ongoing since January 2018, when U.S. President Donald Trump began setting tariffs and other trade barriers on China with the goal of forcing it to make changes to what the U.S. says are longstanding unfair trade practices and intellectual property theft ...

Can a trade war lead to war?

Trade wars could be escalated to full conflict between states as evidenced in the Massacre of the Bandanese after alleged violations of a new treaty. The First Anglo-Dutch War was caused by disputes over trade; the war began with English attacks on Dutch merchant shipping but expanded to vast fleet actions.