US - China conflict (File Image)
JPMorgan Chase CEO Jamie Dimon has issued a stark warning, stating that World War III has already begun and poses a threat even greater than climate change. Traditionally focused on financial markets, Dimon expressed his deep concerns about the escalating geopolitical crises that, in his view, far outweigh economic challenges.
According to media reports, Dimon pointed to ongoing wars in Ukraine and the Middle East, as well as the growing alignment between Russia, China, North Korea, and Iran, as significant indicators of a deteriorating global order. Speaking at the Institute of International Finance (IIF) annual meeting, he remarked, “They are clearly aiming to dismantle the post-World War II order established by allied nations.”
JPMorgan’s risk management team has cautioned that an unchecked global conflict could lead to devastating economic repercussions. Dimon emphasized, “The world's nuclear arsenal represents the greatest threat to humanity, even surpassing climate change.” The potential consequences, he suggested, could be far worse than currently anticipated.
Just last week, Singapore’s Prime Minister Lawrence Wong issued a similar warning, stating that increasing tensions between China and the United States could potentially trigger a full-scale global war. He cautioned that such a conflict would have catastrophic effects on the world economy and political stability.
The U.S. and China remain locked in fierce competition on the global stage. Former U.S. President Donald Trump has already threatened to impose a 10% additional tariff on Chinese imports, further exacerbating tensions. Many world leaders fear that this move could reignite a full-blown trade war, adding to the growing instability across international markets.
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