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Guardian

Guardian

US Politics

US Politics

Trump tariffs risk higher prices and make US recession more likely, says JP Morgan boss

Guardian
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JP Morgan chief executive, Jamie Dimon , has warned that it may be “hard to reverse” the effect of Donald Trump’s tariffs.

Dimon said that the tariffs risked dismantling US economic alliances across the globe.

The bank boss acknowledged that the US had a right to overhaul trade deals in cases where it was clearly being “treated unfairly”.