Dimon warns tariffs may push U.S. toward recession, hits crypto slide

In his annual letter to shareholders, published today, the CEO of JPMorgan Chase, Jamie Dimon, expressed some concerns about the potential economic repercussions of the recent pricing implementation of President Donald Trump.

Dimon warned that these prices could exacerbate inflation and hinder economic growth, stressing the urgency Resolve commercial uncertainties To quickly avoid long -term damage to consumer confidence and business profitability. ​

“As for the short term, we will probably see the inflationary results, not only on imported products but on internal prices, as the costs of inputs increase and increase interior products”, Dimon wrote Compared to prices.

Newly introduced “reciprocal” prices include A 10% reference tax on all imports, which has already triggered significant market volatility. US stock contracts have experienced a clear drop, the industrial average of Dow Jones lowering around 800 points.

This global slowdown, affecting Markets in Europe and Asia. ​

Potential recession

Dimon stressed that if the American economy already showed signs of slowing down before the announcement of these prices, additional tension could worsen existing challenges and potentially push the nation to a recession.

He noted that negative impacts – such as a decrease in consumer confidence, a reduction in investments, a reduction in business profits and a Lower American dollar – can accumulate and become more and more difficult to reverse.

Tackling the larger geopolitical implications, Dimon warned against an isolationist position, declaring that “America first” should not turn into “America alone”. He stressed the importance of maintaining strong military and economic alliances, warning that fragmentation could weaken the United States and benefit the opponents.

Dimon pleaded for a coherent and respectful commitment with allies and global partners in order to compete effectively with nations such as China, in particular in fields such as artificial intelligence and semiconductor technology. ​

Impact of cryptography

The cryptocurrency market was not immune to these developments. Bitcoin (BTC), for example, fell to its lowest level since November, trading at around $ 78,500 when writing the editorial’s time.

This decrease had a cascade effect On actions related to cryptocurrency, companies such as microstrategy, digital marathon, riot platform and cornerbase undergoing significant losses.

Dimon’s skepticism towards cryptocurrencies is well -documented. He previously questioned the tangible advantages of cryptographic assets, noting that despite more than a decade of discussion, they have not yet offered substantial value.

While recognizing the potential of blockchain technology, Dimon has always expressed doubts On the viability of cryptocurrencies themselves.