Overview

• Jamie Dimon described Trump's initial tariff rollout as 'too large, too big, and too aggressive,' but acknowledged its intent to address trade imbalances.
• He advised a phased, country-by-country approach to tariffs, emphasizing the need for progress without excessive economic sanctions.
• Dimon expressed cautious optimism about the U.K.-U. trade agreement and noted easing tensions with China, Japan, and Taiwan as positive signs for global trade relations.
• While warning of modest inflation and a potential mild recession due to tariffs, he remained optimistic about the U.S. economy's long-term growth prospects.
• Dimon called for comprehensive immigration reform, including seasonal worker programs, pathways to citizenship for law-abiding undocumented immigrants, and support for DACA.