JPMorgan CEO Jamie Dimon expressed concerns regarding the implications of President Trump's tariff policy on the United States' global credibility. In an interview with the Financial Times, he highlighted that while the US is still viewed as a strong economic and military haven, ongoing uncertainty surrounding tariffs may challenge its status. Dimon emphasized the importance of maintaining economic partnerships and warned against assuming a 'divine right' to success, advocating for careful handling of trade issues to preserve democracy and international relations.
"The US is still the most prosperous nation the world has ever seen," Dimon told the FT, adding that the US is "still a haven" because of its economy and military strength.
"But yes, a lot of this uncertainty is challenging that a little bit. So you're going to be reading about this nonstop until hopefully these tariffs and trade wars settle down and go away so people can say, I can rely on America," Dimon said.
"I am not worried about the markets as much as I am about keeping the Western world together, free and safe for democracy. And that, to me, means you want to strengthen the economic relationships," Dimon told the FT.
"If there's unfairness, deal with it. But yeah, we should be careful. I don't think anyone should assume they have a divine right to success, and therefore, don't worry about it," he added.
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