TechFlow news, April 7 — According to Jinshi Data, JPMorgan CEO Dimon urged a swift resolution to the uncertainty caused by Trump's imposition of tariffs, warning of a "catastrophic" split in America's long-term economic alliances. In his annual letter to shareholders, Dimon wrote, "The sooner this issue is resolved, the better, as some negative impacts accumulate over time and become difficult to reverse." In the short term, "as input costs rise and domestic demand for products increases, we may see inflationary outcomes—not just in imported goods, but also in domestic prices." He listed a series of unresolved issues surrounding this new policy, including potential retaliatory actions by other countries, impacts on investment and capital flows, and possible effects on the U.S. dollar.
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