Jamie Dimon says tariffs can be positive for national security, even if inflationary: 'Get over it'
Published On Jan 22, 2025, 12:12 PM
JPMorgan Chase CEO Jamie Dimon discussed the potential impact of tariffs, stating that even if they induce slight inflation, it might be acceptable if they serve national security interests. He emphasized tariffs as economic tools and believes that their application by the Trump administration, particularly towards countries like China, could be a valid strategy to achieve favorable trade conditions and address national security issues.
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The remarks by Jamie Dimon suggest a strategy of prioritizing national security over inflation concerns, which may lead to uncertainty in trade relations, particularly with China. The stock market could react negatively based on increased trade tensions and potential inflation, impacting consumer sentiment and spending.
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