JPMorgan CEO Jamie Dimon warned that President Trump’s trade policies pose “significant risks” to the US economy — even as the bank announced second quarter profits that were once again boosted by its trading.
Dimon, at the helm of JPMorgan for nearly two decades, reiterated that the commander-in-chief’s tariff plans could upend growth, while praising the passing of Trump’s Big Beautiful Bill.
“The US economy remained resilient in the quarter. The finalization of tax reform and potential deregulation are positive for the economic outlook,” Dimon said, also pointing to an uptick in the company’s investment banking profits.
JPMorgan CEO Jamie Dimon again sounded the alarm bell on President Trump’s tariff policies, warning they amounted to “significant risks” to the US economy.” AP
“However, significant risks persist – including from tariffs and trade uncertainty, worsening geopolitical conditions, high fiscal deficits and elevated asset prices,” he added.
America’s biggest lender