- JPMorgan CEO Jamie Dimon urged the U.S. to reengage with China and deescalate the ongoing tariff war.
- Dimon warned that prolonged economic tension could undermine confidence in America’s stability and global leadership.
- Despite Trump’s 90-day pause on some tariffs, China still faces a 145% import duty, worsening U.S.-China relations.
With global tensions heating up and trade relations on the rocks, the U.S. finds itself deep in economic uncertainty—and JPMorgan CEO Jamie Dimon isn’t staying quiet about it. In a recent chat with the Financial Times, Dimon called on the U.S. to reopen lines of communication with China and end the trade war before things spiral further.
Now, in response to some of this growing pressure, President Trump has issued a 90-day pause on his administration’s so-called Liberation Day tariff rollout—but notably, China’s still getting hit. Hard. A 145% import tax remains firmly in place, something Chinese officials have slammed as “extremely shameless.”
Dimon: It’s Time to Start Talking Again
Dimon didn’t sugarcoat things. While he acknowledged China isn’t perfect and the U.S. has real concerns, he warned that dragging this conflict out could backfire in ways Americans aren’t ready for. “This uncertainty… it chips away at what people trust about America,” he said, noting that folks are now unsure how stable the economic landscape really is.
He emphasized that diplomatic progress doesn’t need to be slow or complicated. “It doesn’t have to wait a year; it could start tomorrow,” Dimon added. “But we’ve gotta be careful—no one’s guaranteed success. Not even us.”
Markets on Edge, Confidence Shaken
The trade war hasn’t just rattled policy folks—it’s hit investors, business owners, and everyday people too. Market volatility has spiked, and confidence in long-term stability is taking a hit. Dimon made it clear that until the U.S. and China find some sort of middle ground, this unease will likely stick around.
“I don’t think this ends with one meeting or one signature,” he hinted, “but the first step is reengaging.”
