KEY POINTS
- JPMorgan Chase CEO Jamie Dimon said tariffs announced by Donald Trump will likely boost prices on both domestic and imported goods, weighing down a U.S. economy that had already been slowing.
- He’s the first CEO of a major Wall Street bank to publicly address Trump’s sweeping tariff policy as global markets crash.
- “Markets still seem to be pricing assets with the assumption that we will continue to have a fairly soft landing,” Dimon said. “I am not so sure.”
seeigel@feddit.org 1 week ago
The former Greek finance minister says that weakening the dollar is the objective:
unherd.com/…/why-trumps-tariffs-are-a-masterplan/
So rising prices are to be expected.
eran_morad@lemmy.world 1 week ago
Anyone ascribing thoughtful intent to trump has no fucking clue.
y0din@lemmy.world 1 week ago
it’s called Occam’s Razor, put simply, states: “the simplest solution is almost always the best.” It’s a problem-solving principle arguing that simplicity is better than complexity.
it applies in most problems, as we sometimes overcomplicate. I make no statement whether this is correct or not in this case, as I am trying to stay out of political discussions and do not live in the US.
just saw your last sentences and commented based on them 🙂
RowRowRowYourBot@sh.itjust.works 1 week ago
Which is why his gig as finance minister can be measured in weeks.
ArbitraryValue@sh.itjust.works 1 week ago
I have a hard time believing this. It’s more of the 4D chess that his supporters believed he was playing, but I think the evidence has shown that he isn’t pretending to be foolish. If a different sort of President instituted tariffs then this could have been the plan, but if it happens how it will be happening by coincidence.
seeigel@feddit.org 1 week ago
I think so. If Trump would be mad for real, Wallstreet and the big companies would finance an impeachement.
This is a show for the people so that they don’t discuss the additional tax.