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Tariff Tensions Raise Recession Fears to 60%, JPMorgan CEO Cautions

JPMorgan CEO Jamie Dimon warns against isolationist trade policies in his annual shareholder letter. Without directly naming Trump, Dimon cautions that tariffs could isolate America and weaken its global position, emphasizing that “America First is fine, as long as it doesn’t end up being America alone.”

Dimon emphasizes maintaining strong international partnerships to address global challenges, particularly regarding technological competition with China. Dimon also notes economic vulnerabilities, pointing out that despite recent market selloffs, equity and debt prices remain historically high. JPMorgan has increased its recession probability forecast to 60% following Trump’s latest tariffs and China’s retaliatory measures, leaving Dimon “very cautious” about economic prospects.

Original Source: MarketWatch

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