Jamie Dimon says a US recession is still a possibility

Jimmy Damon, CEO of JPMorgan Chase on Thursday, warned that a possible recession may still occur as the turbulent turbulence of the Trump administration’s tariff for the economy.

Damon attended the annual conference of the company’s global markets and said in a Bloomberg television interview that he hoped to avoid the recession, but it is still a possible result.

“I hope we avoid it, but I will not take it out of the table at this stage,” Damon said. “If there is a recession, I don’t know how much it will be or the time it will continue.”

Damon’s comments come after the JPMorgan economists have reduced their estimate of the possibility of stagnation from 60 % before the temporary reduction in the customs tariffs on China, to less than 50 % after stopping. Damon himself warned last month before the recession stopped was a “possible result” of the American economy.

Jpmorgan reduces the possibility of stagnation after Trump’s introductory truce with China

Damon said that the uncertainty resulting from the customs tariff caused some company’s customers to stop investments with the continued volatility.

The markets rose after the Trump administration agreed and the Chinese government agreed to temporarily reduce the customs tariffs from 145 % on Chinese goods and 125 % on US exports to 30 % and 20 %, respectively, with long -term negotiations continuing.

“I think this is the right thing to do – it is to back down from some of these things,” said Damon.

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Definitions are taxes on imports paid by importers, who usually pass the high costs of consumers through high prices. (Qian Weizhong / VCG via Getty Images / Getty Images)

He told the port that the definitions have sparked a possibility of a decrease in investments in the United States, saying: “There will be little.

Despite the uncertainty and tensions created by the definitions, Damon said that the United States is still the best place to invest.

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