{"id":38122,"date":"2025-04-07T14:38:57","date_gmt":"2025-04-07T14:38:57","guid":{"rendered":"https:\/\/news2shorts.com\/index.php\/2025\/04\/07\/trump-tariffs-risk-higher-prices-and-make-us-recession-more-likely-says-jp-morgan-boss\/"},"modified":"2025-04-07T14:38:57","modified_gmt":"2025-04-07T14:38:57","slug":"trump-tariffs-risk-higher-prices-and-make-us-recession-more-likely-says-jp-morgan-boss","status":"publish","type":"post","link":"https:\/\/news2shorts.com\/index.php\/2025\/04\/07\/trump-tariffs-risk-higher-prices-and-make-us-recession-more-likely-says-jp-morgan-boss\/","title":{"rendered":"Trump tariffs risk higher prices and make US recession more likely, says JP Morgan boss"},"content":{"rendered":"<p>Jamie Dimon believes effect of policy may be \u2018hard to reverse\u2019 if maintained for too long<\/p>\n<ul>\n<li><a href=\"https:\/\/www.theguardian.com\/us-news\/2025\/apr\/07\/asian-share-markets-nikkei-kospi-asx-stocks-routed-early-trading-trump-tariffs\">European markets slump<\/a><\/li>\n<li><a href=\"https:\/\/www.theguardian.com\/business\/blog\/live\/2025\/apr\/07\/global-stock-markets-brace-donald-trump-us-tariffs-business-live-updates-news\">Business live \u2013 latest updates<\/a><\/li>\n<\/ul>\n<p>The JP Morgan chief executive, Jamie Dimon, has warned that it may be \u201chard to reverse\u201d the effect of Donald Trump\u2019s tariffs, which he said would drive prices higher and make a US recession more likely.<\/p>\n<p>The boss of the US bank said in <a href=\"https:\/\/www.jpmorganchase.com\/ir\/annual-report\/2024\/ar-ceo-letters\">his annual letter to investors<\/a> that while there were some \u201clegitimate reasons\u201d for the number of new taxes applied to goods imported into the US, there could be some serious consequences if the tariffs were maintained for too long.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/us-news\/2025\/apr\/07\/trump-tariffs-higher-prices-us-recession-jp-morgan-jamie-dimon\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jamie Dimon believes effect of policy may be \u2018hard to reverse\u2019 if maintained for too long European markets slump Business live \u2013 latest updates The JP Morgan chief executive, Jamie Dimon, has warned that it may be \u201chard to reverse\u201d the effect of Donald Trump\u2019s tariffs, which he said would drive prices higher and make &#8230; <a title=\"Trump tariffs risk higher prices and make US recession more likely, says JP Morgan boss\" class=\"read-more\" href=\"https:\/\/news2shorts.com\/index.php\/2025\/04\/07\/trump-tariffs-risk-higher-prices-and-make-us-recession-more-likely-says-jp-morgan-boss\/\" aria-label=\"Read more about Trump tariffs risk higher prices and make US recession more likely, says JP Morgan boss\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-38122","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/38122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=38122"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/38122\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=38122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=38122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=38122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}