Jamie Dimon says Trump was ‘right to chicken out’ on tariffs, but that markets are getting too complacent

fortune.com/2025/07/11/jamie-dimon-trump-trade-tariffs-ubs-markets-stability

Despite markets embracing the so-called “TACO Trade”—Trump Always Chickens Out—JPMorgan CEO Jamie Dimon cautioned that investors may be underestimating the risks of relying on past tariff U-turns. UBS’s Paul Donovan reinforced this concern in a note seen by Fortune, warning that market…

This story appeared on fortune.com, 2025-07-11 10:25:04.
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