Dimon warns tariffs can push us to the recession, hit Cripto slide

In its annual records, published today, the director JpMorgan Chase Jamie Dimon expressed some concerns about the potential economic consequences of recent evidences of President Donald Trump.

Dimon warned that these tariffs could deter inflation and prevent economic growth, emphasizing urgency Solving trade uncertainty Quickly to prevent long-term damage to consumer confidence and company profitability. ​

“As for the short term, we will probably see inflation outcomes, not only on imported goods, but at home prices, because input costs increase and demand for domestic products” Dimon wrote in relation to the tariffs.

Newly presented “reciprocal” tariffs turn on All import taxes, which has already launched significant market volatility. American stocks of futures experienced a sharp drop, with the industrial average of the brown jones falling about 800 points.

This drop has expanded globally, affecting Markets in Europe and Asia. ​

Potential recession

Dimon emphasized that although the American economy has already shown signs of slowing before these tariffs, additional strain could estimate existing challenges and potentially suppressed the recession.

It noted that negative impacts – like reduced consumer confidence, reduced investment, lower corporate profit and a The weaker US dollar – It can accumulate and become increasingly difficult to reverse.

Addressing the wider geopolitical implications, Dimon warned of the isolationist attitude, stating that “America is first” should not deal with “America only”. He emphasized the importance of maintaining strong military and economic unions, warning that fragmentation may weaken the US opponents and benefits.

Dimon advocated consistent, respected engagement with allies and global partners to effectively compete with nations such as China, especially in areas such as artificial intelligence and semiconductive technology. ​

Crypt’s influence

The cryptocurrency market was not immunolo on these events. Bitcoin (Btc), for example, fell to the lowest level from November, trading around $ 78,500 at the time of writing.

This drop had cascading effect In stock related to cryptocurrency, with companies like microstrategs, marathon digital, clutter and coinbass experiences significant losses.

Dimon’s skepticism towards cryptocurrency is Well documented. He previously questioned the tangible benefits of cryptian property, noting that despite the decade, the discussion still has significant value.

While acknowledged the potential of blockchain technology, dimon consistently expressed doubt about the sustainability of cryptocurries.