Jing Pan
6 min read
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President Donald Trump’s tariffs continue to drive market uncertainty while boosting the price of domestic and imported goods, and may further weigh down a beleaguered U.S. market, according to JPMorgan’s annual stakeholder letter.
“The recent tariffs will likely increase inflation and are causing many to consider a greater probability of a recession,” Jamie Dimon, who serves as JPMorgan CEO and chairman, wrote in a letter to shareholders on April 7. “And even with the recent decline in market values, prices remain relatively high.”
His concerns aren’t without merit.
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Trump’s latest tariff policies have battered the stock market — the S&P 500 index declined by over 10% in early April, formally entering correction territory.
Dimon supported Trump’s tariffs in January, calling them a “little inflationary” yet imperative for national security.
But Dimon now sees the U.S. economy weakening in the wake of Trump’s recent tariff announcements, according to that same shareholder letter.
“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 acknowledged.
If you share these concerns, here are three ways to help protect your portfolio.
When markets look shaky, investors often turn to gold — and for good reason. The precious metal is seen as a store of value, offering protection against inflation, economic downturns and stock market volatility.
As market uncertainty mounts, investors often take cover with precious metals. For instance, gold has climbed around 35% over the past year, hitting over $3,200 per ounce, while silver has posted impressive gains of around 36%, reaching over $30 per ounce.
One way to invest in gold that also provides significant tax advantages is to open a gold IRA with the help of American Hartford Gold.
Gold IRAs allow investors to hold physical gold or gold-related assets within a retirement account — combining the tax advantages of an IRA with the protective benefits of investing in gold, making it an option for those looking to potentially hedge their retirement funds against economic uncertainties.
