Dimon Warns of Recession Despite Tariff Rollback

JPMorgan Chase CEO Jamie Dimon expressed his concern for a potential U.S. recession, despite recent tariff reductions between the US and China. He stated that even with these pauses in tariffs, import taxes remain elevated compared to last year, potentially hindering investment decisions. Dimon highlighted uncertainty as a key factor contributing to this outlook, citing factors like increasing national debt, geopolitical conflicts, and rising interest rates. While acknowledging the positive impact of easing trade tensions, he stressed the need for continued economic stability and policy clarity to avoid recession.