JPMorgan CEO Warns of U.S. Economic Slowdown from Trump’s Tariffs

In his annual letter to shareholders, Jamie Dimon, CEO of JPMorgan Chase, expressed concern about the potential economic consequences of recent tariffs enacted by President Donald Trump. Dimon highlighted that these tariffs could increase inflation and potentially trigger a global economic slowdown. He warned that while some motivations behind the tariffs might be justifiable, they could dampen U.S. economic growth and fuel recession fears.