New York, April 8 -- JPMorgan Chase CEO Jamie Dimon has warned that US President Donald Trump's tariff strategy could worsen inflation and push the world's largest economy toward a recession, media reports said.

In his annual letter to shareholders, Dimon said the recent trade measures were already prompting fears of an economic slowdown.

Dimon pointed out that even without a recession, the tariffs could weigh down economic momentum.

He cautioned that market valuations remain elevated and flagged persistent headwinds.

Dimon also urged the US to extend a more collaborative trade posture toward nations like India and Brazil, especially as Washington lacks trade deals with some of its closest partners.

For India and Brazil, the newly im...