Warnings from Wall Street leaders about economic consequences of escalating tariffs under Trump administration.

From Quiver Quantitative: 2025-04-07 21:06:00

Wall Street leaders, including JPMorgan Chase CEO Jamie Dimon and fund manager Bill Ackman, warn of economic consequences from escalating tariffs under the Trump administration. Global stock markets have suffered trillions in losses, with fears of inflation and recession mounting. Analysts caution that prolonged trade disputes could disrupt supply chains and lead to retaliatory measures. Dimon calls for quick resolution, while Ackman urges renegotiation to avoid economic turmoil. Economists now raise the odds of a recession to 60%, highlighting the risks of prolonged trade tensions. Market volatility and uncertainty persist as investors await clarity on U.S. trade policies.



Read more at Quiver Quantitative: Tariffs Could Trigger an Economic Downturn