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Jamie Dimon says US needs to ‘get our own act together’

  • In June 2024, JPMorgan Chase CEO Jamie Dimon cautioned about the tense economic ties between the US and China during his remarks at the Reagan Forum held in Simi Valley, California.
  • Dimon linked this warning to President Trump's trade policies, including tariffs that sharply cut US-China trade and added uncertainty through fluctuating tariffs and court cases.
  • He described China as a potential adversary who is simultaneously succeeding and facing problems, and noted the standoff with China escalated recently without signs of easing.
  • Dimon cited a $2 trillion US government deficit in 2024, about 7% of GDP, warning it could rise to 10% if a recession occurs, and stressed the need to fix permitting, regulations, taxation, immigration, schools, and healthcare.
  • He urged Americans to 'get our act together,' agreeing with Warren Buffet that America is resilient and could grow 3% annually if these issues are addressed, but expressed serious worry about the country's outlook.
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Mediaite broke the news in United States on Friday, May 30, 2025.
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