JPMorgan Chase CEO defends Trump tariffs: Positive for US national security

JPMorgan Chase CEO Jamie Dimon said the impending tariffs that President Donald Trump is expected to impose on U.S. trading partners could be viewed positively.

Despite concerns that the tariffs could ignite a global trade war and reignite inflation domestically, the head of the largest U.S. bank by assets said they could protect American interests and bring trading partners back to the table for better deals for the country, if used correctly. “If it’s a little bit inflationary, but it’s good for national security, so be it.

I mean, get over it,” Dimon told CNBC’s Andrew Ross Sorkin during an interview at the World Economic Forum in Davos, Switzerland. “National security trumps more inflation.”

Since taking office, Trump has been talking up tariffs, threatening on Monday to impose tariffs on Mexico and Canada, then expanding them on Tuesday to include China and the European Union.