A tariff-driven recession is the "likely outcome" for the U.S. economy, says Jamie Dimon, the head of the country's largest bank.

CEO Jamie Dimon is raising red flags about the impact President Donald Trump’s tariffs will have on the economy. Tariffs are taxes companies pay to import goods from overseas, and the extra cost is often passed down to consumers through price hikes.

JPMorgan Chase CEO Jamie Dimon is warning that President Trump’s tariffs will lead to higher inflation, slower growth, and potentially spell disaster for America’s economic alliances. Dimon, one of the most influential figures in global finance,

JPMorgan Chase Chief Executive Jamie Dimon said he thinks a recession is a likely outcome from President Trump’s tariffs. Asked on Fox Business Wednesday morning if he expects a recession, he said, “I am going to defer to my economists at this point but I think probably.

JPMorgan Chase CEO Jamie Dimon on Wednesday said that he expects there to be a recession, and for defaults to rise as President Trump's tariffs roil global financial markets. Why it matters: Dimon's blunt forecast puts a headline on the market's broad fears that Trump's trade war has already set in motion a lasting global crisis.

JPMorgan Chase CEO Jamie Dimon said Wednesday he sees the U.S. economy likely headed to recession as President Donald Trump’s tariffs roil financial markets. This is breaking news. Please refresh for updates.