[More Lies]”JPMorgan CEO Jamie Dimon says Trump tariffs will boost inflation, slow an already weakening U.S. economy”
April 7, 2025
“JPMorgan Chase CEO Jamie Dimon said tariffs announced by President Donald Trump will likely boost prices on both domestic and imported goods, weighing down a U.S. economy that had already been slowing.
Dimon addressed the tariff policy in his annual shareholder letter.
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.”…”
https://www.cnbc.com/2025/04/07/jamie-dimon-trump-tariffs-inflation-economy.html
These are some next level lies. Tariffs do not cause or contribute to inflation. Tariffs are a tax. Taxes and inflation are two different things. This man has to know he’s lying. He has to know. Banks cause inflation not tariffs. For those who don’t know what inflation is it’ i’s explained below:
“An increase in the money supply is the root of inflation, though this can play out through different mechanisms in the economy. A country’s money supply can be increased by the monetary authorities by:
- Printing and giving away more money to citizens
- Legally devaluing (reducing the value of) the legal tender currency
- Loaning new money into existence as reserve account credits through the banking system by purchasing government bonds from banks on the secondary market…”
https://www.investopedia.com/terms/i/inflation.asp
This is why legacy media is dying. Stop lying. Yes foreign goods will be more expensive because of tariffs. It’s not inflation its a built in tax.