According to Deep Tide TechFlow, on May 15, CNN reported that the United States and China agreed to lower tariffs, but JPMorgan Chase CEO Jamie Dimon still warned of recession risks. At JPMorgan's annual meeting in Paris, Dimon told Bloomberg Television that he would not rule out the risk of recession. Previously, JPMorgan economists had lowered the risk of a U.S. recession from 60% to below 50%. The market reacted strongly to the positive progress in U.S.-China trade negotiations, with the Dow Jones index soaring by 1,100 points at one point. Dimon stated that although he does not often meet with President Trump, he maintains communication with government officials.