Trump tariffs risk higher prices and make US recession more likely, says JP Morgan boss
Jamie Dimon believes effect of policy may be ‘hard to reverse’ if maintained for too longEuropean markets slumpBusiness live – latest updatesJP Morgan’s chief executive, Jamie Dimon, has warned that it may be “hard to reverse” the effect of Donald Trump’s tariffs, which he said would drive prices higher and make a US recession more likely.The boss of the US bank said in his annual letter to investors that while there were some “legitimate reasons” for the number of new taxes applied to goods imported into the US, there could be some serious consequences if the tariffs were maintained for too long. Continue reading...
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Jamie Dimon believes effect of policy may be ‘hard to reverse’ if maintained for too long
JP Morgan’s chief executive, Jamie Dimon, has warned that it may be “hard to reverse” the effect of Donald Trump’s tariffs, which he said would drive prices higher and make a US recession more likely.
The boss of the US bank said in his annual letter to investors that while there were some “legitimate reasons” for the number of new taxes applied to goods imported into the US, there could be some serious consequences if the tariffs were maintained for too long. Continue reading...
