JPM CEO,tariffs drive prices higher increase recession risk

JPMorgan Chase Chairman and Chief Executive Officer, Jamie Dimon, has stated that the tariffs imposed by President Donald Trump are likely to drive prices higher and increase the risk of a recession in the United States.

In a message to shareholders, Dimon warned that the tariffs would not only fuel inflation but also exert additional pressure on an economy that has shown signs of slowing in recent times.

JPMorgan CEO predicts outcome of Trump’s trade policy