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JPMorgan CEO Jamie Dimon says Trump tariffs will boost inflation, slow an already weakening U.S. economy (www.cnbc.com)

submitted 1 week ago by [email protected] to c/[email protected]

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KEY POINTS

JPMorgan Chase CEO Jamie Dimon said tariffs announced by Donald Trump will likely boost prices on both domestic and imported goods, weighing down a U.S. economy that had already been slowing.
He’s the first CEO of a major Wall Street bank to publicly address Trump’s sweeping tariff policy as global markets crash.
“Markets still seem to be pricing assets with the assumption that we will continue to have a fairly soft landing,” Dimon said. “I am not so sure.”

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[–] [email protected] 3 points 1 week ago* (last edited 1 week ago) (1 children)

I have a hard time believing this. It's more of the 4D chess that his supporters believed he was playing, but I think the evidence has shown that he isn't pretending to be ignorant and stubborn. If a different sort of President instituted tariffs then this could have been the plan, but if it happens now then it will be happening by coincidence.

(Or is the extremely careless and unreasonable way that the tariff rates were calculated also part of Trump's madman theory? I doubt it.)

[–] [email protected] 1 points 1 week ago

I think so. If Trump would be mad for real, Wallstreet and the big companies would finance an impeachement.

This is a show for the people so that they don't discuss the additional tax.