“Trade has gone from being a skirmish to being far more important than that,” Dimon said. “If this goes south in a bad way, and you have other surprises, that could be part of the thing that changes confidence, changes peoples’ willingness to invest.”
said that the escalating U.S.-China trade dispute is a "real issue" that could damage corporate confidence.
"I think trade is a real issue," Dimon said Tuesday at a conference in New York. "Trade has gone from being a skirmish to being far more important than that. If this goes south in a bad way, and you have other surprises, that could be part of the thing that changes confidence, changes peoples' willingness to invest."
Dimon, the longest-tenured CEO among the U.S. megabanks, was answering a question about the risks that could end the current economic expansion. The next recession will probably be caused by a confluence of factors that catch investors off guard, like impacts from the trade war or rising interest rates, he said. While U.S. growth could be in the last legs of its growth, that period could last years, he said.
"You're already starting to see businesses starting to think about moving their supply lines," Dimon said. "That can obviously slow down business investment and cause uncertainty of all different types." The U.S.-China trade dispute, which has been simmering for the past year, took a turn for the worse this month after President
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