JPMorgan CEO: Recession is 'Likely Outcome' of Trump Tariffs
The United States is currently on the brink of a trade war with China on the heels of its new Liberation Day economic policy. Now, that could spell disaster for the country, as JPMorgan CEO Jamie Dimon recently said a recession is the most “likely outcome” of President Donald Trump’s tariff plan. Just last week, the Trump administration unveiled a baseline 10% tariff on all nations. The increasingly aggressive economic policy was met with ire by some and with hope for negotiations by others. However, one thing is certain: while the self-created issue gets resolved, the US will be subjected to increasing economic uncertainty. Source: NPR Also Read: Goldman Sachs: Trump Tariffs Put US in ‘Event-Driven’ Bear Market JPMorgan CEO Warns a Recession Is Nearing Amid Liberation Day Tariff Plan Earlier this month, US President Donald Trump announced a new Liberation Day tariff plan. Now, nations are beginning to answer that policy with retaliatory action of their own. The Europe...