Jamie Dimon sounds the alarm on tariffs

The JPMorgan CEO also issued a warning over the Trump Administration’s “America First” policy.

Transcript

00:00JPMorgan CEO Jamie Dimon isn't holding back his thoughts on the Trump administration's

00:05tariff policy.

00:06In a letter to shareholders, Dimon said the widespread tariffs will raise prices, weaken

00:10the U.S. economy, and diminish how the rest of the world views the United States.

00:14However, Dimon also called into question President Trump's America First agenda, saying,

00:19America First is fine, as long as it doesn't end up being America alone.

00:23If the Western world's military and economic alliances were to fragment, America itself

00:27would inevitably weaken over time.

00:29The Trump White House has implemented sweeping tariffs on some of America's closest trade

00:33partners.

00:34A new round of reciprocal tariffs announced last week added a 34 percent charge on goods

00:39coming to the U.S. from China, an additional 20 percent from those coming from the European

00:43Union, and 10 percent from the U.K.

00:46That'll do it for your daily briefing.

00:48From New York City, I'm Kelsea Barberio with The Street.