JPMorgan CEO Jamie Dimon warned that Donald Trump's tariffs will fuel inflation and slow down economic growth, a statement that goes against the president's latest claims, which double down on the economic policy that is roiling markets across the globe.
In his annual letter to investors, Dimon said there are "many uncertainties surrounding the new tariff policy: the potential retaliatory actions, including on services, by other countries, the effect on confidence, the impact on investments and capital flows, the effect on corporate profits and the possible effect on the U.S. dollar."
