JPMorgan CEO Jamie Dimon Criticizes Trump's Tariffs as Too Aggressive in FOX 11 Interview, Urges Pro-Growth Reforms

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Updated May 9, 2025, 11:24 PM

JPMorgan Chase CEO Jamie Dimon has criticized President Donald Trump's tariff policies, describing them as 'too large, too big, and too aggressive' in an exclusive interview with FOX 11. Dimon expressed concerns about the scale and impact of these tariffs on the economy, suggesting they were initially beyond what people expected. He noted that the initial rollout was part of a calculated push to bring trading partners to the negotiating table. Despite his criticism, Dimon acknowledged the importance of addressing unfair trade practices and welcomed the progress made in trade deals, particularly with Great Britain through the UK-US trade agreement. He emphasized the need for a more measured approach to trade negotiations, focusing on making incremental progress with individual countries. Dimon also noted encouraging signs of improved US relations with China, and positive diplomatic developments with Japan and Taiwan. Dimon highlighted the potential short-term effects of the tariffs, including increased inflation and a slowing economy. He noted that while customer sentiment and business sentiment have declined, hard economic indicators like unemployment and investment have yet to show significant changes. Dimon warned that prolonged uncertainty could affect long-term interest rates and potentially lead to a mild recession. He urged the administration to prioritize pro-growth reforms, including deregulation, tax reform, and immigration reform, to support economic growth.

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Elex Michaelson

@Elex_Michaelson

I’ll be on FOX News Chanel tonight at 8:15pm showing more of our exclusive sit down with @jpmorgan CEO Jamie Dimon. https://t.co/sWoeaUhEoY

Kayleigh McEnany

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📺 I'll be guest hosting for Jesse Watters on @FoxNews at 8pm ET, and we have a fantastic line-up ⬇️ 🔹 @ByronDonalds 🔹 @JohnMorganESQ 🔹 @benfergusonshow 🔹 @HarrisonWFields 🔹 @Johnny_Joey 🔹 @GiannoCaldwell Tune in or set your DVR! https://t.co/WpkDFmyQUZ

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