Monday, June 23, 2025
  • Home
  • Breaking News
  • Politics & Governance
  • Business & Economy
  • Science & Technology
  • Health & Lifestyle
  • Arts & Culture
Spluk.ph
No Result
View All Result
Spluk.ph
No Result
View All Result
Home Business & Economy

J.P. Morgan CEO Jamie Dimon Issues Warning About Trump Tariffs: ‘We Have To Be Prepared’

Spluk.ph by Spluk.ph
May 24, 2025
in Business & Economy
0 0
0
J.P. Morgan CEO Jamie Dimon Issues Warning About Trump Tariffs: ‘We Have To Be Prepared’
Share on FacebookShare on Twitter


J.P. Morgan Chase CEO Jamie Dimon says the USA can’t rule out stagflation, which describes the precarious mixture of excessive inflation, rising unemployment and stagnant development, because of the steep worldwide tariffs imposed by President Donald Trump.

“I simply suppose there’s an opportunity that … you’ll have stagflation,” Dimon stated Thursday throughout an interview with Bloomberg on the lender’s annual World China Summit. “I’m not saying it’s gonna occur, I don’t need the readers to say, ‘He’s predicting,’ I’m not.”

He continued, “However we’ve to be ready for one thing like that.”

Trump introduced a sweeping 10% baseline tariff on all U.S. imports final month, with levies on China set even higher, in what he has painted as a simply campaign to revive American manufacturing, whereas economists have warned a few potential recession, or worse.

“I feel that world fiscal deficits are inflationary,” Dimon stated Thursday. “I feel the militarization of the world is inflationary. The restructuring of commerce is inflationary — and this isn’t all an American factor — and the infrastructure wants are inflationary.”

He went on to warn, “It’s possible you’ll be stunned” by the outcomes, and this isn’t the primary time he’s criticized Trump’s tariffs. Dimon told Fox Business final month that he believes a recession is “a likely outcome” of the controversial policy.

Trump, who appeared to focus solely on Dimon’s additional remark at the time that trade partners would be wise to calmly “negotiate some trade deals,” told a reporter after the interview that Dimon “understood” his tariffs and is “very good and really genius, financially.”

Trump continued on the time, “He’s carried out a improbable job on the financial institution, and he is aware of that.”

Dimon, seen here Thursday in Shanghai, said Trump's "restructuring of trade is inflationary."
Dimon, seen right here Thursday in Shanghai, stated Trump’s “restructuring of commerce is inflationary.”

Qilai Shen/Bloomberg/Getty Pictures

20 Years Of Free Journalism

Your Assist Fuels Our Mission

Your Assist Fuels Our Mission

For twenty years, HuffPost has been fearless, unflinching, and relentless in pursuit of the reality. Support our mission to maintain us round for the following 20 — we won’t do that with out you.

We stay dedicated to offering you with the unflinching, fact-based journalism everybody deserves.

Thanks once more in your help alongside the way in which. We’re actually grateful for readers such as you! Your preliminary help helped get us right here and bolstered our newsroom, which stored us sturdy throughout unsure occasions. Now as we proceed, we’d like your assist greater than ever. We hope you will join us once again.

We stay dedicated to offering you with the unflinching, fact-based journalism everybody deserves.

Thanks once more in your help alongside the way in which. We’re actually grateful for readers such as you! Your preliminary help helped get us right here and bolstered our newsroom, which stored us sturdy throughout unsure occasions. Now as we proceed, we’d like your assist greater than ever. We hope you will join us once again.

Support HuffPost

Already contributed? Log in to hide these messages.

20 Years Of Free Journalism

For twenty years, HuffPost has been fearless, unflinching, and relentless in pursuit of the reality. Support our mission to maintain us round for the following 20 — we won’t do that with out you.

Support HuffPost

Already contributed? Log in to hide these messages.

Whereas markets fluctuated following Trump’s announcement in April and even some Republicans have criticized the tariffs, he pushed ahead Friday and floated a 50% tariff on the European Union and 25% penalties on Apple if iPhones aren’t made within the U.S.

Dimon famous Thursday that the U.S. financial system is doing “properly,” however didn’t waver from the realities of Trump’s commerce battle. He stated the nation has “successfully been in a smooth touchdown” in comparison with what many analysts feared may very well be a catastrophe, concluding, “That doesn’t inform you what the longer term’s going to be.”



Source link

Tags: CEODimonIssuesJ.PJamieMorganPreparedtariffsTrumpWarning
Spluk.ph

Spluk.ph

Next Post
Trump threatens 50% tariffs. How might Europe strike back?

Trump threatens 50% tariffs. How might Europe strike back?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
How the US economy lost its aura of invincibility

How the US economy lost its aura of invincibility

March 14, 2025
The Last Decision by the World’s Leading Thinker on Decisions

The Last Decision by the World’s Leading Thinker on Decisions

March 15, 2025
Could Talks Between Sotheby’s and Pace Gallery Signal a New Era for the Art Market?

Could Talks Between Sotheby’s and Pace Gallery Signal a New Era for the Art Market?

March 15, 2025
Former Philippine president Rodrigo Duterte arrested on ICC warrant

Former Philippine president Rodrigo Duterte arrested on ICC warrant

March 11, 2025
Chaotic start to Donald Trump’s energy policy is talk of major industry conference

Chaotic start to Donald Trump’s energy policy is talk of major industry conference

0
Optimizing Administrative Processes Can Transform Patient Access

Optimizing Administrative Processes Can Transform Patient Access

0
Rashid Johnson Models Gabriela Hearst’s Latest Fashion Line

Rashid Johnson Models Gabriela Hearst’s Latest Fashion Line

0
Zelensky Meets With Saudi Crown Prince Before U.S.-Ukraine Talks

Zelensky Meets With Saudi Crown Prince Before U.S.-Ukraine Talks

0
Were the U.S.A.I.D. Cuts ‘Efficient?’

Were the U.S.A.I.D. Cuts ‘Efficient?’

June 23, 2025
‘The Gold Rush’: Charlie Chaplin’s Mother Lode of Innovation

‘The Gold Rush’: Charlie Chaplin’s Mother Lode of Innovation

June 23, 2025
New Study Reveals Why Pterosaurs Took Off During the Triassic

New Study Reveals Why Pterosaurs Took Off During the Triassic

June 23, 2025
Major wildfire on Greek island of Chios leads to evacuations – as officials warn ‘situation remains critical’ | World News

Major wildfire on Greek island of Chios leads to evacuations – as officials warn ‘situation remains critical’ | World News

June 23, 2025

Recommended

Were the U.S.A.I.D. Cuts ‘Efficient?’

Were the U.S.A.I.D. Cuts ‘Efficient?’

June 23, 2025
‘The Gold Rush’: Charlie Chaplin’s Mother Lode of Innovation

‘The Gold Rush’: Charlie Chaplin’s Mother Lode of Innovation

June 23, 2025
New Study Reveals Why Pterosaurs Took Off During the Triassic

New Study Reveals Why Pterosaurs Took Off During the Triassic

June 23, 2025
Major wildfire on Greek island of Chios leads to evacuations – as officials warn ‘situation remains critical’ | World News

Major wildfire on Greek island of Chios leads to evacuations – as officials warn ‘situation remains critical’ | World News

June 23, 2025

Recent News

Were the U.S.A.I.D. Cuts ‘Efficient?’

Were the U.S.A.I.D. Cuts ‘Efficient?’

June 23, 2025
‘The Gold Rush’: Charlie Chaplin’s Mother Lode of Innovation

‘The Gold Rush’: Charlie Chaplin’s Mother Lode of Innovation

June 23, 2025
New Study Reveals Why Pterosaurs Took Off During the Triassic

New Study Reveals Why Pterosaurs Took Off During the Triassic

June 23, 2025

Categories

  • Arts & Culture
  • Breaking News
  • Business & Economy
  • Health & Lifestyle
  • Politics & Governance
  • Science & Technology

Tags

Administration America American Americas Art Big China climate Court cuts data day Deal Delight Donald economy Elon government Health House live Money Musk news NPR people Politics Reveals Review Science Scientists study Talks tariff tariffs Tech Trade Trump Trumps U.S Ukraine war Wit world years
  • About us
  • About Chino Hansel Philyang
  • About the Founder
  • Privacy Policy
  • Terms & Conditions

© 2025 Spluk.ph | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Breaking News
  • Politics & Governance
  • Business & Economy
  • Science & Technology
  • Health & Lifestyle
  • Arts & Culture

© 2025 Spluk.ph | All Rights Reserved