JPMorgan Chase General Manager Jamie Dimon has tariff warning star-news.press/wp

JPMorgan Chase Cheo Jamie Dimon The Alarm sounded on the Tariff of the President Donald Trump in his annual letter to shareholderswarning that trade policy is likely to save inflation and is safe slow down.

Dimon said, “At least until recently” the American economy proved the resistor “despite the insecure landscape”. Which has changed when Trump announced wiping tariffs on almost every US trade partnerwho sent inventories in the worst week from the height of Covid-19 pandemic.

“Recent tariffs are likely to increase inflation and cause many to consider more probability of recession,” Dimon wrote.

“Even with a recent fall in market values, prices remain relatively high,” he continued. “These significant and somewhat invisible forces cause to stay very careful.”

Dimon explained that he began to write a letter in the middle of the weakening of the American economy, adding “which was before the recent tariff announcement”. He told the shareholders not only the growing prices of imported and domestic goods, but to prepare for Bew’s uncertainty. He quoted “potential retail actions, including services, by other countries, the effect of trust, impact on investment and capital flows, the effect of corporate profit and the possible impact on the US dollar.”

JPMorgan Exec is not alone in their problems. Billionaire and Trump Fund Manager Super Fan Bill Ackman wrote a long post Sunday Referring the president to hit a break at the trade war or the risk to crash the economy. “Let’s go to self-initiated, economic nuclear winter, and we should start more,” Ackman said.

Stock futures early Monday morning has shown that the S & P 500 is ready to be nearly 3% lower. Monday has the potential to be a truly historical day on the stock market – not in a good way. If the benchmarks lost more than 4% in value, it would be the third consecutive trading day that published a decline in more than 4%. This would be the first time that S & P 500 suffered three consecutive drops by more than 4% in almost a century, because the decline in the acrine market is 1929. Which marked the beginning of the Grand Depression.

Futures related to NASDAQ are excluded 2.9%, and the Dow Jones Industrial average futures fell 2.5%.