JPMorgan Chase CEO Jamie Dimon stated that a recession is a likely outcome of President Donald Trump’s tariff policies, which have unsettled financial markets. Intensifying trade tensions between the U.S. and China have led to aggressive sell-offs in stocks and bonds. Concerns over financial and economic stability have grown due to the escalating trade war. China’s response to U.S. tariffs includes an 84% levy on American goods. JPMorgan economists predict a 0.3% contraction in U.S. GDP this year, signaling a mild recession. Dimon attributes market declines to uncertainty at both macro and micro levels, affecting consumer sentiment and corporate operations. He believes markets are correctly pricing in this uncertainty.
— new from CNBC
