Overview

• Jamie Dimon stated on April 9 that a recession is now a 'likely outcome' due to President Trump's newly implemented tariffs.
• The Dow Jones Industrial Average has plunged 2,000 points, reflecting significant market volatility tied to the tariff policy.
• Dimon warned of severe credit problems, predicting financial strain not seen in recent history alongside the recession risk.
• He emphasized that the U.S. economy was already showing signs of weakness, with high fiscal deficits and persistent inflation exacerbating the outlook.
• Dimon raised concerns about potential stagflation—weak growth coupled with high inflation—which could deepen economic challenges.