On the spectrum of opinion about Trump's first 100 days in the White House, Dimon has shared a more balanced view than other voices.
For example, he has said tariffs are likely to prove only "modestly inflationary" and have the potential to do some "good stuff" for the economy.
JPMorgan CEO Jamie Dimon says Donald Trump may have come out of the blocks too fast when it came to tariffs, but says the Oval Office is right to try and fix problems it has identified in the American economy.
JPMorgan CEO Jamie Dimon has taken a balanced stance on Donald Trump's economic policies, acknowledging that while the initial tariff strategy seemed too aggressive, the effort to address trade imbalances is justified and potentially beneficial. Dimon, a rare voice of both support and caution, advised Trump to focus on pro-growth policies, immigration reform, and measured progress on trade, warning against excessive economic sanctions.
JPMorgan CEO Jamie Dimon says Donald Trump may have come out of the blocks too fast when it came to tariffs, but says the Oval Office is right to try and fix problems it has identified in the American economy.
In Trump's second term, Dimon has proved something of a critical friend: The Wall Street veteran has cautioned the White House when policy has created too much uncertainty, but has also offered a more balanced outlook on some of the benefits Oval Office policy could provide.
- On tariffs, Dimon believes the President's approach initially could have been better—but said overall Trump is justified in enacting what he believes is best for voters.When asked about the "overall approach" when it comes to tariffs, Dimon told Fox in an interview released last night:
- "I thought it was too large, too big and too aggressive when that "it's OK to say if it's unfair [and] we want to fix it."
- On the spectrum of opinion about Trump's first 100 days in the White House, Dimon has shared a more balanced view than other voices.
- For example, he has said tariffs are likely to prove only "modestly inflationary" and have the potential to do some "good stuff" for the economy.
- But the man who was paid $39 million for his work in 2024 also warned policymakers against taking economic sanctions—and combative rhetoric with key trading partners—too far.
While the boss of America's biggest bank welcomed the much-anticipated "first mover" in Sir Keir Starmer's British government, he added that the agreement in principle doesn't constitute a full-scale new deal.
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