JPMorgan Chase CEO Jamie Dimon has expressed concerns about the potential negative impacts of U.S. tariffs and a global trade war on the economy. In his recent letter to shareholders, Dimon warned that these trade tensions could slow down economic growth, lead to inflation, and harm long-term economic alliances. He highlighted the uncertainties surrounding tariffs, ongoing inflation, fiscal deficits, and market volatility, emphasizing the need for resolution to mitigate adverse effects on investments, corporate profits, and confidence. Dimon also raised concerns about the risk of recession following the implementation of steep trade barriers by President Trump. He emphasized the importance of timely resolution to prevent cumulative negative effects that could be challenging to reverse. Despite the recent market fluctuations, Dimon remains cautious about the future economic outlook, suggesting that assumptions of a soft landing may not hold true in the current environment.