JPMorgan's James Dimon warns US faces ‘considerable turbulence' amid trade war threats

JPMorgan Chase CEO Jamie Dimon has warned President Trump that the US economy is facing “considerable turbulence” from his threats to start a global trade war.“The economy is facing considerable turbulence (including geopolitics), with the potential positives of tax reform and deregulation and the potential negatives of tariffs and ‘trade wars’, ongoing sticky inflation, high fiscal deficits and still rather high asset prices and volatility,” Dimon said. “As always, we hope for the best but prepare the firm ...