Economics

KEY POINTS

• JPMorgan Chase CEO Jamie Dimon said tariffs announced by Donald Trump will likely boost prices on both domestic and imported goods, weighing down a U.S. economy that had already been slowing.
• He’s the first CEO of a major Wall Street bank to publicly address Trump’s sweeping tariff policy as global markets crash.
• “Markets still seem to be pricing assets with the assumption that we will continue to have a fairly soft landing,” Dimon said. “I am not so sure.”