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

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 strength…