JPMorgan Chase CEO Jamie Dimon cautioned about the US tariff policy. He highlighted potential economic damage. Dimon noted rising tariffs and inflated asset prices. He also mentioned tougher borrowing conditions for businesses.

"I think the chance of inflation going up and stagflation is a little higher than other people think," Jamie Dimon said on Monday.

We’re not sure whether Dimon brought this on by voting for Trump, who insisted Dimon had endorsed him during the campaign, but Dimon denied it. Still, as a supporter of the first Trump administration, Dimon might have eventually pulled the lever for Trump.

CEO Jamie Dimon is warning that a recession isn’t “off the table” despite the recent trade truce between the United States and China.

Dimon's call for swift trade negotiations reflects urgency, as prolonged uncertainty could amplify negative effects, making them harder to reverse.