The JPMorgan Chase CEO, Jamie Dimon, warns investors about the potential for the increase in prices and deceleration of the US economy as a result of the tariff policy of the president of the United States, Donald Trump.
“Recent tariffs will probably increase inflation and are causing many to consider a greater probability of a recession,” Dimon warned in their annual letter to shareholders. “If the tariff menu causes a recession or not in question, but will reduce growth.”
“Whatever you think of the legitimate reasons for freshly announced rates, and, of course, there are some, or the long -term effect, good or bad, there is likely important effects in the short term,” he said, noting that price increases will not only affect imported goods but even internal prices.
Global markets, including cryptographic markets, have been in free fall since Sunday in anticipation of Trump’s most recent rates on Monday. Bitcoin (BTC), fell below $ 79,000 to its lowest point since November. It is currently quoting in the last 24 hours at $ 78,235. The Coendesk 20, which tracks the 20 largest cryptographic assets for market capitalization, has decreased more than 10% today and almost 20% during the last month.
Dimon said that everything is for the foreign policy “America First” by Trump, but that he cannot become “America alone.”
“If the military and economic alliances of the western world were fragmented, the United States would inevitably weaken over time,” he warned.
