<ul><li>If the tariff policies of US President Donald Trump do not resolve trade issues quickly, the negative effects can snowball and become hard to reverse, according to Jamie Dimon, chief executive officer of JPMorgan Chase & Co.</li><li>The potential negative effects of the tariff policies include retaliatory actions by other countries, impact on investor and business confidence, capital flows, corporate profits, and the possible effect on the US dollar.</li><li>The US implemented a minimum 10% tariff on all goods imports, and additional levies on major trading partners are set to kick in to take the effective tariff rate to near 25%, inviting retaliation from China and the European Union.</li><li>Dimon's main concern is how these tariff policies will affect America's long-term economic alliances, and he hopes that the long-term effect will have some positive benefits for the United States.</li></ul>

Trump-Tariff Effects Can Be Irreversible If Not Resolved Quickly: JPMorgan's Jamie Dimon

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