JPMorgan Chase CEO Jamie Dimon has urged the United States to re-engage with China to resolve the escalating trade war, warning that continued economic hostilities could erode U.S. credibility and increase the risk of a global recession.
In a recent interview with the Financial Times, Dimon emphasized the urgency of resuming dialogue, stating, “I don’t think there’s any engagement right now … it doesn’t have to wait a year. It could start tomorrow.”
Dimon expressed concerns that the U.S.’s aggressive tariff policies, particularly the recent 145% tariffs imposed on Chinese imports, have introduced significant uncertainty into global markets. He noted that such measures challenge the perception of the U.S. as a stable and reliable economic leader.
The CEO’s remarks come amid heightened tensions following President Donald Trump’s announcement of sweeping tariffs under the “Liberation Day” initiative.
While the administration has paused some tariffs for 90 days, the increased duties on Chinese goods remain in effect, prompting retaliatory measures from Beijing. The Independent
Dimon also highlighted the broader implications of the trade war, cautioning that the U.S. should not assume a “divine right to success” and must actively work to maintain its economic leadership through strategic alliances and fair trade practices.
In light of these developments, Dimon called for immediate and respectful engagement with China and other global partners to stabilize markets and restore confidence in the international economic system.
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