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Fortune

Paolo Confino

Jamie Dimon eyes a ‘likely’ recession, unless the Trump administration turns tariffs into trade deals: ‘That’s the best thing they can do’

Jamie Dimon Donald Trump Recession JPMorgan JPMorgan Chase Scott Bessent Howard Lutnick United States

JPMorgan CEO Jamie Dimon (Credit: Al Drago—Bloomberg)

JPMorgan Chase CEO Jamie Dimon sees a series of economic problems, including a recession and defaults, if the markets don’t reverse course following a global selloff caused by President Donald Trump’s tariff policies. The best way to stop stock and bond market declines, in Dimon’s view, is to “make progress” on trade agreements.

JPMorgan CEO Jamie Dimon said a recession was a “likely outcome” of the economic upheaval caused by the widespread tariffs imposed by President Donald Trump.

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