Donald Trump was just issued advice from one of the most powerful bankers around the globe regarding his insane reciprocal tariffs idea.
The CEO of JPMorgan Chase, Jamie Dimon, warned Trump and the US against the consequences related to recession following those crazy orders.
Dimon discussed with the President how he might need to think the matter through entirely as it could cost the US big bucks in the long term, not to mention an escalation in trade wars.
She also shared how stocks and bonds were getting sold off aggressively during the morning trade hours, with markets hitting a new slump and period of uncertainty.
During the appearance, Dimon also shared how there was a rise in panic over 401 (k) s and pensions amid the intensifying trade war.
The CEO also shared how the recession is the likely outcome of such abrupt and poor decision-making. ‘It makes you think and feel like you’re using big money and therefore you need to cut back!’- she continued.