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Trump Tariffs Likely to Increase Inflation, Jamie Dimon Says. Why JPMorgan Is 'Very Cautious.' -- Barrons.com

Dow Jones04-07

By Callum Keown

President Donald Trump's latest tariffs likely will increase inflation, JPMorgan Chase CEO Jamie Dimon said Monday as he warned that "unprecedented forces" have made the bank very cautious.

"The recent tariffs will likely increase inflation and are causing many to consider a greater probability of a recession," Dimon said in a letter to shareholders. "And even with the recent decline in market values, prices remain relatively high. These significant and somewhat unprecedented forces cause us to remain very cautious," he added.

Write to Callum Keown at callum.keown@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

 

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April 07, 2025 06:35 ET (10:35 GMT)

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Comment2

  • Kekemon
    ·04-09
    Of course. Higher tariff, higher cost, company closing down due to high cost. People losing job. Well done.😊 Super inflation plus higher interest rate to counter all these soon. Let's go.
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  • Dr Rck
    ·04-08
    Surely it will! Look at it from another persoective, it is like an additional levy or tax indirectly inposed on the consumers; also it will stall the economy for a little while before resuming to higher priced items. This can be avoided theough negotiations and considerations given from both sides intelligently. 
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