① Dimon stated that the possibility of an economic recession in the USA still exists, and tariff shocks continue to disrupt the Global economy; ② Dimon believes that tariff turbulence may lead to some loss of investment in the USA, saying, "There will definitely be some consequences for that. We have annoyed a lot of people."
On May 16, financial news reported (Editor: Zhao Hao) that JPMorgan CEO Jamie Dimon recently stated that the possibility of a recession in the USA still exists as tariff shocks continue to disrupt the Global economy.
Local time on Thursday (May 15), Dimon told the media at JPMorgan's annual Global Markets Conference in Paris, "We hope to avoid a recession, but at this moment, I cannot rule out that possibility."
"If a recession really occurs, I don't know how severe it will be, nor how long it will last." The tariff policies of the Trump administration have shaken the market for more than a month, and Dimon pointed out that some clients of JPMorgan have postponed their investment decisions due to excessive market volatility.
Earlier this week, high-level economic and trade talks between China and the USA reached important consensus and made substantive progress, directly reflected in a significant reduction in bilateral tariff levels. The international community highly praised this, and financial markets responded positively.
Dimon expressed his hope that Trade easing could continue, "so that real exchanges can take place." Previously, Dimon had repeatedly called for trade talks led by US Treasury Secretary Steven Mnuchin and urged for a swift resolution to uncertainties in his annual letter to Shareholders published last month.
As the head of the largest Banks in the Global market, Dimon holds significant influence in the financial world and is often regarded as an authority in the field. Dimon speaks highly of Mnuchin, with reports suggesting that when Mnuchin was nominated by Trump, Dimon described it as a "fantastic choice."
In a recent interview, Dimon indicated that volatility still exists, and JPMorgan's trading volume remains high as a result, "Market fluctuations are sometimes good and sometimes bad. This time is good, but next time it might not be so optimistic."
Dimon believes that tariff turmoil may lead to some loss of investment in the USA, stating, "There will definitely be some consequences. We have annoyed a lot of people. When I run into them, they say: You know what? We will no longer buy your Kentucky Bourbon whiskey."
However, Dimon also mentioned that this impact may not be widespread, as the USA is not yet considered a bad investment destination.
Thanks to the intense market fluctuations, JPMorgan's Stocks trading division achieved record revenue in the first quarter, all of which occurred before the announcement of equal tariffs on April 2 and the subsequent suspension.
Analysts expect that in the second quarter of this year, the trading revenue of this largest bank in the USA will continue to grow year-on-year.
In this interview covering a wide range of topics, Dimon also expressed optimism about the prospects of negotiations between the EU and the United Kingdom, saying, "They have a chance to establish a truly good relationship, which may somewhat compensate for the chaos caused by Brexit."
