JPMorgan Chase CEO Jamie Dimon defended President Trump’s tariff push Wednesday, saying “national security trumps a little bit more inflation.”
‘Get over it’: Dimon defends Trump on tariffs
“If it’s a little inflationary, but it’s good for national security, so be it. I mean, get over it,” Dimon told CNBC during an interview at the World Economic Forum.
Dimon also said he looks at tariffs as an “economic tool,” as Trump presses tariffs on Canada, Mexico and China among other nations. However, some economists claim tariffs would increase prices for American consumers and harm the country’s economy.
Goldman Sachs CEO David Solomon told CNBC at the forum in Davos, Switzerland, that he has some faith in Trump’s negotiation tactics but remained leery of the timeline.
“I think that rebalancing can be constructive for U.S. growth if it’s handled right. The question is, how quickly, how thoughtfully,” Solomon said, adding, “Used appropriately, it can be constructive.”
“This is going to unfold over the course of the year, and we have to watch it closely,” he added.
The Hill’s Ashleigh Fields has more here.
