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Jamie Dimon Urges Targeted Trade Policies and Immigration Reform in Response to Trump's Economic Agenda

The JPMorgan CEO critiques the White House's initial tariff strategy as overly aggressive but supports addressing trade imbalances and advancing pro-growth initiatives.

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JPMorganChase CEO Jamie Dimon said he was concerned about Trump's initial tariff approach
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Overview

  • Jamie Dimon characterized President Trump's initial tariff package as 'too large, too big, and too aggressive,' while acknowledging its intent to address unfair trade practices.
  • Dimon warned that the tariffs could lead to short-term inflation and a slowing economy but expressed hope for a mild impact.
  • He advised the White House to focus on pro-growth policies, deregulation, and tax reform, emphasizing their potential to bolster the U.S. economy.
  • Dimon advocated for comprehensive immigration reform, including pathways to citizenship for law-abiding undocumented immigrants, seasonal worker programs, and support for DACA recipients.
  • He welcomed the U.K.-U.S. trade agreement as an encouraging step but noted it remains an agreement in principle rather than a full-scale trade deal.