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The Independent UK
The Independent UK
Justin Baragona

Jamie Dimon tells Maria Bartiromo that recession is ‘likely’ and he expects defaults amid trade war

Jamie Dimon Maria Bartiromo Donald Trump Recession JP Morgan Chase Chase Inflation Fox

JP Morgan Chase CEO Jamie Dimon warned Fox Business host Maria Bartiromo on Wednesday that a recession was now a “likely outcome” amid Donald Trump’s escalating trade war and that he expects corporations to default in the near future.

Less than three months after he told people worried about tariffs and inflation to “get over it,” Dimon warned the MAGA-boosting anchor that “sticky inflation” isn’t going away anytime soon while urging the administration to begin negotiating new trade deals with other countries “quickly.”

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