JPMorgan ChaseCEO Jamie Dimon expressed implicit criticism of Trump's tariff policy in an interview, believing that the US president may have gone too fast on the tariff issue. Although it is correct to try to solve the problems found in the US economy, excessive measures may isolate the US economy.
Asked about his views on the tariffs in an interview published late Thursday, Dimon said: "I think it started out as too big, too broad, too aggressive," although he said it could be "part of a master plan to get people to the table."
Dimon added that it's important for people to understand that "if it's unfair, it's okay to speak up and we want to fix it."
Regarding the recent UK-US trade agreement, Dimon welcomed the development while noting that it was only a preliminary step.
"I'm glad this is happening," Dimon said. "The tariff issue... is very big, very big, and everyone is in this together. I think it's very important that they start making progress on the deal, so any progress is good.
Dimon pointed out: "These are agreements in principle...A real trade agreement may be 10,000 or 20,000 pages long. But any progress is good."