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JPMorgan’s Jamie Dimon says tariffs can help resolve competition, security issues

Bloomberg
Bloomberg • 2 min read
JPMorgan’s Jamie Dimon says tariffs can help resolve competition, security issues
Dimon was also asked if he knows who his successor at JPMorgan will be — a longtime Wall Street parlour game — and he said he doesn’t. Photo: Bloomberg
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JPMorgan Chase & Co.’s Jamie Dimon said that tariffs, if properly used, can help resolve issues such as unfair competition and national security. 

“Like any tool, if it’s misused it can do damage too,” the chief executive officer of the largest US bank said in an interview on CBS News’ Sunday Morning. Dimon said he hasn’t spoken with US President-elect Donald Trump about tariffs.

Trump is “a negotiator, he lays out some very tough things and sometimes it works,” Dimon said. “We have to worry more about national security, resiliency, diversified supply chains, and we didn’t. And also we should’ve worried more about who it hurt.”

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