Jamie Dimon, the chief executive of JPMorgan Chase, has warned Donald Trump that imposing tariffs on additional Chinese goods would inflict damage to the US economy, as the US president faces a decision within days on whether to impose new levies on Beijing.
Speaking at the headquarters of the Business Roundtable, a lobbying group for corporate America in Washington, Mr Dimon said that while the direct impact of tariffs was small, the indirect effect could be substantial.
“It’s what happens to people’s psyche and confidence and businesses,” Mr Dimon said. “[The tariffs] wouldn’t be a positive.”
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