Overview

• At the Reagan National Economic Forum, Dimon said internal mismanagement across states, cities and pensions poses a more serious long-term threat to U.S. dominance than external rivals.
• He highlighted that Trump-era tariffs have sharply curtailed U.S.-China trade and warned that China is unlikely to relent in the ongoing dispute.
• With the 2024 federal deficit at roughly $2 trillion or 7 percent of GDP, Dimon cautioned that a recession could push it to 10 percent, fueling inflationary pressures.
• Dimon reiterated concerns about potential U.S. stagflation, attributing risks to global fiscal deficits, defense spending and trade restructuring.
• He called for immediate reforms to permitting, regulation, immigration, taxation, inner-city schools and healthcare to sustain annual growth of 3 percent.