Jamie Dimon, the chief executive of JPMorgan Chase, has warned that President Donald Trump’s trade war could cause the United States to lose credibility overseas, while also urging the administration to “engage” in talks with China sooner rather than later.
Dimon, 69, was one of the most influential voices to come forward last week to predict that sliding into recession was “a likely outcome” for the U.S. if the president did not row back his aggressive reciprocal tariffs program.