Overview

• Jamie Dimon said in a CNBC interview that Trump’s second-term tariffs are now “moderate and thoughtful,” adding “so far, so good.”
• He highlighted that the 15 percent average rate covers about half of U.S. goods imports, which translates to roughly $300 billion annually.
• After warning in April that tariffs risked higher inflation and recession, Dimon now views modest price effects as a fair trade for stronger growth.
• Dimon credited the “Big, Beautiful” tax bill with creating a stable, competitive tax environment that complements the tariff measures.
• His comments follow the administration’s recent trade agreements with the EU and Japan and ongoing negotiations with China before an August 12 deadline.