JPMorgan CEO Dimon warns of recession-defaults, urges quick trade talks

Quick Summary:

JPMorgan's economists raised the risk of a US and global recession this year to 60 per cent from 40 per cent after Trump unveiled the trade barriers.

US stock indexes opened mostly lower on Wednesday, then rebounded, after China announced more levies on US goods, retaliating to President Donald Trump's reciprocal tariffs that took effect earlier in the day.

The world's second largest economy would impose additional tariffs of 84 per cent on all US goods from April 10.

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Article Details

Category: BusinessFinance

Markets: IndiaChina

Topics: Tariffs Defaults US economy Trade talks Market volatility US-China tariffs JPMorgan Jamie Dimon Recession Trade negotiations

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-09 @ 20:43:54 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 568 words

Reading Time: 4 minutes read

Sentences: 13 lines

Sentence Length: 44 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 27758393

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