<ul><li>Jamie Dimon said a recession is one “likely outcome” of the turmoil tied to President Donald Trump’s tariffs.</li><li>In his annual shareholder letter released Monday, Dimon urged a quick resolution to uncertainties tied to the tariffs “because some of the negative effects increase cumulatively over time and would be hard to reverse.”</li><li>Trump announced the steepest tariffs in a century last week, including a 10% “baseline” charge for all exporters to the US and additional “reciprocal” rates on dozens of others that the administration identified as having high barriers to US goods.</li><li>Dimon said Wednesday that 'it is perfectly reasonable for someone to say that trade was unfair,' and that showing progress on trade deals is the best thing the Trump administration can do to calm markets.</li></ul>

Jamie Dimon Says US Recession Is ‘Likely Outcome’ Of Tariff Upheaval

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