Jamie Dimon identifies the key objective for the Trump team in the middle of the “tectonic” world changes
The CEO of JPMorgan Chase, Jamie Dimon, weighs on the “Big and Beautiful Bill” by President Donald Trump.
While President Donald Trump does not show any signs of slowing down his sales program, the CEO of the American banking giant Jpmorgan Chase stressed what he argued to be the “most important” objective for the Trump administration in the geopolitical tectonic plates “.
“The overview is that the tectonic plates change. We were able to wrap the head around that.” Jamie Dimon said in an exclusive interview on “Mornings with Maria”, broadcast next Monday.
Dimon observed “changing geopolitics with these terrible wars, a terrible proxy terrorist activity in the world, North Korea, the potential proliferation of nuclear weapons over time, which is the greatest threat to humanity” as well as the changing world economy.
“The most important thing is to maintain these military alliances, to spend everything you have to spend on having the strongest soldiers in the world … Keep Western military alliances together,” he urged. “If the world cannot count on the American military umbrella … they will seek alternatives – and there is only one other real alternative, or obtain a nuclear weapon.”
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Dimon observed that the maintenance of military and economic alliances is the key to keeping “the world in security and free for democracy”.
The Trump administration concentrated a large part of its first months based on foreign policy issues such as wars in Ukraine and the Middle East as well as on world trade, namely through aggressive tariff policies.
Although Trump’s administration is faced with a legal battle on its aggressive tariff policies, the White House remains confident in the president’s commercial agenda and said that “three” additional trade transactions awaited its signature.
Part of Trump’s pricing objective is to help bring parity that the president said he was decades of foreign nations installing trade barriers on American products. However, Dimon argued “we did a little too much” starting with the rates of the Liberation Day.
“I think the best we can hope for … is to finish – maybe there are 15 important – finish them,” Dimon told the anchor of Fox Business Maria Bartiromo.
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Financial power has also encouraged the administration to focus on policies that “maintain and develop and develop” American economic alliances, in particular with the aim of helping Europe to become “stronger”.
Attached to the foreign political aspect, the administration is also determined to tackle interior economic growth through the work of the “big and beautiful bill” supported by Trump.
The bill is a draft legislation of several billion dollars which increases the Trump agenda on taxes, immigration, energy, defense and national debt. He sought to have a breach in the trajectory of federal government spending by reducing approximately 1.5 billion of dollars in public spending elsewhere. The US government has more than 36 billions of dollars in debt and spent 1.05 Billion of dollars more than it was collected during the year 2025, according to the Treasury department.
The “big and beautiful bill” adopted the House of Representatives last week with few republican defections and left for the Senate.
Dimon said that making corrections to regulations, immigration, taxes and more would help the United States “grow 3% per year and that all these problems will disappear”.
While noting the growing trajectory of American debt, Dimon encouraged legislators to “do the tax bill”, then to “focus on other things to develop the economy”.
Attend “Mornings With Maria” on Monday for the full interview with the CEO of JPMorgan Chase.
Kristen Altus of Fox News Digital, Landon Mion, Greg Wehner, Bill Mears and Elizabeth Elkind contributed to this report.
