Geopolitical tensions are rising, and the US and the world economy appear to be concerned amid the ongoing tariff war. Speaking with the Financial Times today, JPMorgan CEO Jamie Dimon called on the US to engage with China and end the trade war.
President Trump noted that Dimon’s comments had an impact on the 90-day suspension of tariff plans for the administration’s release date. However, the suspension did not extend to China. China is currently facing 145% import duties for what officials call “very shameless.”
Just: JPMorgan’s CEO is in contact with China to call on the US to end the trade war.
– watcher.guru (@watcherguru) April 15, 2025
JPMorgan CEO will speak on the US-China trade war, the need for engagement
In early April, the US announced a drastic global tariff plan to balance trade. It was subsequently suspended, but the move represents an increasingly aggressive economic policy, which has led to the global economy vortex. Furthermore, we have seen tensions with China surged as a full-scale tariff war is taking place.
The friction has reached the boiling point between the sides, and consultations seem to be slowing down. That shouldn’t be the case, according to JPMorgan CEO Jamie Dimon.
Speaking to FT, Dimon pointed out that despite the success of its people, there are “legitimate concerns” in China. However, he said that if the conflict continues, it could be under threat that makes the United States so prosperous and strong.
“A lot of this uncertainty is a bit challenging, so you can read this nonstop and say people can turn to America until these tariffs and trade wars settle down and leave,” Dimon said.
Dimon shared his belief that his involvement with China has now ended. “There’s no need to wait a year, you can start tomorrow,” he added. “We need to be careful. We think that God has God’s right to success and don’t worry about that.”
Overall, JPMorgan’s head discussed market volatility stemming from China’s issues. Indeed, he also said that ongoing tensions have surprised investors, traders and the public.
