Trump Shares Dimon's Concerns Over Tariffs

United States President Donald Trump disclosed to reporters outside the White House on Wednesday that he had watched JPMorgan Chase & Co. CEO Jamie Dimon's interview on Fox Business earlier that day. Trump highlighted Dimon's statement that immediate action was necessary regarding the ongoing tariff issues.

Dimon's Warning on Tariffs and Recession

During his interview, Dimon emphasized the need for swift progress in tariff negotiations to alleviate market anxieties. He cautioned that failing to address these issues promptly could lead to a recession, describing it as a "likely outcome" of continued levies. Dimon also expressed his hope for quick resolutions to these challenges.

Previous Concerns Over Inflation

Dimon had previously warned about the potential for tariffs to drive inflation higher, adding another layer of urgency to the current discussions. His comments reflect the growing concern among business leaders about the economic impact of prolonged tariff disputes.