JPMorgan Chase CEO Jamie Dimon warns investors of the potential of the price increase and the slowdown in the American economy due to the pricing policy of US President Donald Trump.
“Recent prices will probably increase inflation and have to consider a greater probability of recession,” Dimon warned in his annual letter to shareholders. “The question of whether the price menu causes a recession remains in question, but that will slow growth.”
“Everything you think of the legitimate reasons for the newly announced prices – and, of course, there are – or the long -term effect, good or bad, there are probably significant short -term effects,” he said, noting that price increases will affect imported goods not only, but even internal prices.
Global markets, including cryptographic markets, have been in free fall since Sunday in anticipation of Trump’s tariff announcement on Monday. Bitcoin (BTC) fell below $ 79,000 at its lowest point since November. It is currently negotiating in the past 24 hours at $ 78,235. The Coindesk 20, which follows the 20 largest cryptographic assets by market capitalization, is down more than 10% today and almost 20% in the month.
Dimon said he was quite for Trump’s foreign policy “America First”, but that it cannot become “America alone”.
“If the military and economic alliances of the Western world are fragment, America itself would inevitably weaken over time,” he warned.
