Jamie Dimon says Trump's tariff policy is positive for national security so people should 'get over it'
Published On Jan 22, 2025, 8:12 AM
Jamie Dimon, the CEO of JPMorgan, expressed positive views on President Trump's impending tariffs during an interview at the World Economic Forum. He suggested that while these tariffs might bring a bit of inflation, they serve a greater purpose for national security and can lead to better trade agreements. Other business leaders, like Goldman Sachs' David Solomon, echoed this sentiment, indicating that rebalancing trade agreements through tariffs can be beneficial for U.S. growth if handled properly. Dimon underscored the importance of economic policy tools like tariffs but noted concerns about their implementation and potential inflation impact.
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Dimon's support for tariffs can indicate a potential uptick in U.S. manufacturing and domestic industry protection, which might favor companies in related sectors. While tariffs can lead to inflationary pressures, if they improve trade terms and bolster U.S. economic strength, companies involved in manufacturing and industrials could see a positive impact. Major indices could benefit in the short term depending on how these tariffs are perceived by investors.
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