Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
JPMORGAN CHASE CEO Jamie Dimon gossip Monday tariffs announced by the President Donald Trump Last week, he probably dragged a US economy, and will increase prices in both domestic and imported goods.
Dimon, 69, addressed Tariff policy Trump was announced on April 2 with annual shareholder Letter, In the case of the economy, it became a read-read-read-read readings, offers for issues facing the United States and effective management.
“If you think about the legitimate reasons for the newly declared tariffs, of course, some – or have a long-term effect, good or bad, it is likely to be short-term effects,” Dimon said. “We are not only the imported goods, but also to see inflation results in internal prices and growth in domestic products.”
“The tariffs cause the menu or a recession, but it will slow growth,” he said.
Dimon is the first General Director for a great Wall Street Bank to open Trump’s sweeping tariff policy as a global markets.
Although the JPMorgan chairman often uses the platform to emphasize the geopolitical and financial risks used by the platform, this year’s letter is unusual. Shares have been the worst week, since Trump has shocked global markets US Capital Since the start of the Covid Pandeme in 2020.
His words said that Dimon had made their comments before January when people saypass“Tariff has worries because they are good for national security. At this time, the level of the discussed tariff was lower than the openings last week.
Trump’s Tariff Policy “Many uncertainty”, including global capital streams and dollars, affect corporate profits and the response of trade partners, Dimon said.
“This issue was solved faster, because some of the negative effects will increase and back in total,” he said. “In a short time I see it as a big additional straw on the camel’s back.”
‘Not sure’
Although the US economy has been working well in the last few years, it helped about $ 11 trillion in debt and expenditure, in recent weeks, before the Dimon’s tariff announcement is “already weaken.” As many inflation is expectation, it is likely that interest rates can be increased as the economy slowed.
“Economy, tax reforms and regulation are potential and potential disadvantages of tariffs and ‘commercial wars,’ inflation, high financial deficits and still face (geopolitics).
JPMorgan CEO, he sounded a warning note since at least 2022 “Hurricane“Thanks to the high government and consumer expenditures of the US economy, Federal Reserve Policy and the Ukrainian War, the US economy has so far. Election Trump In November, we expected what a growth management would do.
Dimon hit a slightly awful note on Monday, taking into account how much the U.S. stock fell from the ultimate heights. According to JPMorgan CEO, both reserve and loan spread were still potentially very optimistic.
“Markets still will continue to make a soft landing, as likely as price assets,” Dimon said. “I’m not so sure.”
‘Critical intersections’
Jpmorgan, who was led by Dimon about two decades, became the largest US bank in the United States with assets and market capitalization. Last year, it was the seventh with a number of record revenues.
However, the Bank said that “the future of America’s long-term health, local and free and democratic world,” Dimon said. Both the United States and the world said “on a critical way.”
The word “Trump” did not appear once in a 59-page letter, Dimon confirmed the priorities of several president, including immigration; Especially to address trade imbalances with China; and adjustment.
However, Dimon, instead of refusing to give up this command, since the end of America’s original war, Dimon, since the end of the World War, has led to the US government and prosperity.
“If the opportunity is given, it is possible that our enemies may occur: the extensive military and economic unions of the South and its allies are fake,” Dimon said.
“In the world of multios, this will be every nation – allows our enemies to use military and economic coercion to determine the rules and receive what they want.”
Dimon had several recipes to adopt problems and solve problems, including the difficulties of the day, including citizen pride, including immigration and unfair trade policy.
“The economy has been in America for a long time,” said Dimon, “he said.
