Stocks are experiencing wild fluctuations due to upcoming U.S. tariffs, with Wall Street leaders like JPMorgan CEO Jamie Dimon warning of rising prices, slowed growth, and damaged global standing. While the business community has generally refrained from criticizing Trump, the escalating market sell-off is changing that. Dimon expresses concern over America's long-term economic alliances and the cumulative negative effects of tariffs. Goldman Sachs has also increased recession likelihood predictions, emphasizing tighter financial conditions and uncertainty affecting capital spending.
The quicker this issue is resolved, the better because some of the negative effects increase cumulatively over time and would be hard to reverse,
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