JP Morgan Chase CEO Jamie Dimon’s blunt warning to America on China tariff: They are not scared, people, they …
JPMorgan Chase CEO Jamie Dimon On Friday (May 30) issued a warning for US officials, urging them not to underestimate China’s flexibility in the ongoing trade struggle. Speaking at the Reagan National Economic Forum in California, Dimon warned against the belief that China would turn under pressure to increase tariffs.Dimon told audiences of MPs, business leaders and economists, “I will join China. I came back from China last week. They are not afraid, not people.” He said, “This belief is going to come to the US, I will not trust him. When he has a problem, he put 100,000 engineers on it. They have been preparing it for years,” he said.Dimon’s comments come at a time when the Trump administration is carrying forward difficult trade policies, assuming that China will not be able to handle the pressure from the tariff and eventually give it.
Warning on JPMorgan Chase CEO national preparations
Dimon’s comments on business were part of widespread concern about the readiness of the United States for future global challenges – especially in terms of military strength.“Military people tell you that if there is war in the South China Sea, we have missiles for seven days. Come on, we can’t say that with a straight face and think that it’s fine,” he said.He emphasized the need for immediate action. “We know what to do, we have to go about it right now.”The message of the head of the largest bank of America was clear: America should rethink its perceptions not only about global economics, but also about its comprehensive preparations for geopolitical conflict.
