2 months ago
JPMorgan Chase CEO Jamie Dimon is informing investors astir the imaginable of rising prices and further slowing of the U.S. system arsenic a effect of U.S. President Donald Trump’s tariff policy.
“The caller tariffs volition apt summation ostentation and are causing galore to see a greater probability of a recession,” Dimon warned successful his yearly letter to shareholders. “Whether oregon not the paper of tariffs causes a recession remains successful question, but it volition dilatory down growth.”
“Whatever you deliberation of the morganatic reasons for the recently announced tariffs – and, of course, determination are immoderate – oregon the semipermanent effect, bully oregon bad, determination are apt to beryllium important short-term effects,” helium said, noting that terms increases volition not lone impact imported goods but adjacent home prices.
Global markets, including crypto markets person been successful freefall since Sunday successful anticipation of Trump’s astir caller tariff announcement connected Monday. Bitcoin (BTC), fell beneath $79,000 to its lowest constituent since November. It is presently trading level implicit the past 24 hours astatine $78,235. The CoinDesk 20, which tracks the 20 largest crypto assets by marketplace capitalization, is down much than 10% contiguous and astir 20% implicit the past month.
Dimon said that helium is each for Trump’s “America First” overseas policy, but that it can’t crook into “America alone.”
“If the Western world’s subject and economical alliances were to fragment, America itself would inevitably weaken implicit time,” helium warned.
English (US) 