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JPMorgan Chase warns the Chief Jamie Dimon pressed by the global war on the US economy to the higher the recession.

In his widespread reading annual letter of shareholders published on Monday, Dimon said The TARIFF Announced last week through the US Donald Trump president “is likely to increase inflation and causes most considerably more likely to shrink”.

“The easier issue resolved, better because some of the negative effects increased in a lot of time and hard to reverse,” Dimon’s letter.

Dugton Many uncertainty stays from planned tariffs, including potential revenge from other countries and their effects on business confidence, investments and capital flow.

“I hope after negotiation, long-term effects have some positive benefits for the United States,” added Dimon. “My worst concern is how it affects the long-known economic alliances.”

Dimon’s comments, leading JPMorgan since 2006 and one of the most influential voices on Wall Street, showing Growing concern in corporate america About potential economic injury that Trump tariffs can be executed.

Dimon said the tariffs might be US inflationary in the short term and added:

The US economy remains altered despite a “non-stressful scene”, Dimon said, and businesses appear to be healthy and even celebrate some new weak.

Dimon, who used to describe himself as a democrat but whose views in recent years from the Party, warned the growing geopolitical risk for more than a year.

He warned the shareholders in 2024 that Russian conflict in Ukraine and the violence of the Middle East committed risks to a level of world.

While Critical Tariff Plans in the White House, Dimon declares efforts to ensure the boundaries of the country and say that Republicans are right in government, unnecessary, unnecessary regulations “.

World stocks fall on Monday, deepening a route wipe More than $ 5tn from US equities on Thursday and Friday.