Jamie Dimon, CEO of JPMorgan Chase, expressed concerns in a shareholder note regarding the potential economic impact of President Trump’s tariff policy. He warned that the newly imposed tariffs could lead to increasing inflation and elevate the possibility of a U.S. recession. Dimon noted that while the tariffs affect imported goods, they may also drive up prices of domestic products, potentially decelerating economic growth. He recognized the rationale behind some tariffs for national interests but cautioned against the consequences they might have on overall market stability and growth. The article highlights that reactions in global markets, including cryptocurrency movements, have been negative in light of Trump's recent tariff announcements, contributing to a significant downturn in major crypto assets. Dimon supports a robust America-first approach but emphasized the need for maintaining global alliances to avoid diminishing U.S. strength over time.

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