JPMorgan CEO Jamie Dimon has issued a warning about the impact of Trump's tariffs on stock prices and the economy. Dimon stated that the recent tariffs will likely increase inflation and raise the probability of a recession. Despite the recent market selloff, Dimon noted that stock prices remain relatively high. He expressed caution and highlighted the uncertainties surrounding the new policy, including potential retaliatory actions, effects on confidence and investments, and impact on corporate profits. Dimon emphasized the need for a quick resolution to avoid cumulative negative effects. His most serious concern is the impact on America's long-term economic alliance.