‘Too large, too big, too aggressive’: Jamie Dimon wasn’t on board with Trump’s tariff ‘master plan’, but says White House is justified in calling out unfairness

• CEO of JPMorgan Jamie Dimon adopted a balanced position on Donald Trump's economic policies, recognizing that if the initial tariff strategy seemed too aggressive, the effort to treat commercial imbalances is justified and potentially beneficial. Dimon, a rare voice of support and prudence, advised Trump to focus on pro-growth policies, immigration reform and measuring progress on trade, warning against excessive economic sanctions.

JPMorgan CEO Jamie Dimon, says Donald Trump may have left the blocks too quickly with regard to prices, but says that the oval office is right to try to solve the problems he has identified in the American economy.

In the second term of Trump, Dimon proved something of a critical friend: the veteran of Wall Street warned the White House when the policy created too much uncertainty, but also offered a more balanced perspective on some of the advantages that the oval policy of the office could offer.

On the prices, Dimon believes that the president’s approach could have been better, but said Trump, Trump is justified to promulgate what he thinks is the best for voters.

When asked “the global approach” with regard to prices, Dimon said to Fox In an interview published last night: “I thought it was too big, too big and too aggressive when it started.

“It was part of a master plan to bring people to the table.”

But Dimon added that it is important for voters to understand that “it is normal to say if it is unfair [and] We want to fix it. “”

On the spectrum of opinion on the first 100 days of Trump in the White House, Dimon shared a more balanced view than the other voices.

For example, he said the prices would probably not be “modestly inflationary” and have the potential to do “good things” for the economy.

But the man which was paid $ 39 million for his work in 2024 also warned political decision -makers to take economic sanctions and Combative rhetoric with key business partners – too far.

After President Trump said that “the friend and the enemy” would be treated in the same way under the pricing regime, Dimon wrote in his letter to shareholders earlier this year: “The economy is long -standing glue, and America is first well, as long as it does not end up being America alone.”

Dimon's generally balanced approach has also extended to his point of view on the recently announced British-American trade agreement.

While the boss of the largest American bank welcomed the highly anticipated “first mover” in the British government of Sir Keir Starmer, he added that the agreement in principle does not constitute a new large -scale agreement.

“I am very happy that it took place,” said Dimon. “The price … was very large and very large and everyone at the same time. I think it is very important that they are starting to show progress in the agreement, so any progress is good.

“These are agreements in principle … A real trade agreement would be 10 or 20,000 pages. But any progress is good.”

He added that he was happy to see the American government making progress with China, the tensions on both sides seemed to facilitate the attenuations and positive rumors of countries like Japan and Taiwan.

Dimon's advice for Trump

The CEO of JPMorgan was invited to any advice that he could have for Trump, given that the president previously Shared Dimon Interview With Fox News.

He replied: “Continue to do what you do now.”

“When you look at him, the border has succeeded … After eliminating the criminal element, I would try to work on real immigration reform. We need seasonal workers, we need a path to citizenship for some of the undocumented immigrants but respectful of the laws, we need Daca [Deferred Action for Childhood Arrivals]. “”

He also encouraged Trump to stick to his campaign rhetoric to be pro-corporate, pro-deregulation and active on tax reform.

“These things could be very good for the growth of the American economy. I would focus on this,” added Dimon. “There are many other distractions that take place. This administration should focus on these objectives. And the prices? Make simply progress, country by country, price per price.”

This story was initially presented on Fortune.com