In a recent interview at the World Economic Summit in Davos, JPMorgan Chase CEO Jamie Dimon discussed his evolving perspective on tariffs. While he had criticized President Trump's tariff policies before, he now sees potential benefits, particularly concerning national security. Dimon characterized tariffs as economic tools that can be beneficial but acknowledged their unpredictable outcomes, especially against allies and the risk of retaliation. He emphasized that if tariffs boost national security, a slight rise in inflation may be justifiable. Dimon's insights reflect a nuanced understanding of complex economic instruments and their broader implications.
I look at tariffs. They are an economic tool. That's it. They're an economic weapon. You know, depending how you use it and why you use it.
If it's a little inflationary, but it's good for national security, so be it. I mean, get over it. National security trumps a little bit more inflation.
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