‘So Far, So Good’: Jamie Dimon Adjusts View On Trump’s Tariffs

JP Morgan Chase CEO and Chairman Jamie Dimon on Thursday expressed optimism about President Donald Trump’s second-term tariffs when CNBC reporter Leslie Picker asked him about them.

Trump announced sweeping reciprocal tariffs on numerous countries on April 2 before announcing a 90-day pause on April 9, which lowered the rates for most nations to a baseline of 10% and set new rates for many countries after the pause. Picker asked Dimon on “Money Movers” whether he shared Federal Reserve Chairman Jerome Powell’s concern that the tariffs could lead to increased inflation. (RELATED: Trump Locks In China Trade Deal, Keeps Pressure On Beijing)

WATCH:

📺 Embedded media — coming soon

“here are a lot of forces at work in the economy. And tariffs are one of them. The remilitarization of the world, the fiscal deficits, the demographics, all those things are going to drive various things,” Dimon said. “And yeah, they may drive slightly higher inflation. But you really want is more growth. That is far more important than whether inflation ticks up or down a little bit … and then tariffs themselves, they’ve been greatly moderated. People can, I think, kind of deal with the 15% kind of number.”