Emre Yumlu 
JPMorgan CEO Jamie Dimon commented on the possible effects of the tariffs announced by US President Donald Trump. What does he say?
Critical Warning from JPMorgan CEO: New Tariffs Could Slow Down the US Economy
JPMorgan Chase CEO Jamie Dimon stated that the new tariffs announced by US President Donald Trump could further pressure the American economy, which is already showing signs of slowing down. In his annual letter to investors, Dimon stated that these policies could pose a risk of high inflation, especially in the short term.
According to Dimon, the tariffs in question could lead to an increase in the prices of not only imported products but also domestic goods. Because increasing production costs can increase demand in the domestic market while creating pressures that will push prices up on the supply side. This could negatively affect both household budgets and general economic activity.
The impact of Trump’s tariffs on the US economy may not be limited to prices alone. Dimon stated that this step could also create uncertainty about global trade balances, foreign exchange markets, corporate profitability and international investment flows. According to him, such trade policies could cause irreversible economic damage in the long run.
Dimon also said that the US economy has been kept afloat by public spending exceeding $11 trillion in recent years, but the impact of this support mechanism is decreasing. He emphasized that factors such as increasing budget deficits, high asset prices and stable inflation also pose new risks.
Finally, Dimon stated that financial markets are still pricing in a “soft landing” scenario, but that he is not very optimistic about it, and emphasized that investors should be cautious.
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