In a striking reversal that signals growing confidence in the Trump economic agenda, JPMorgan Chase CEO Jamie Dimon—once a vocal critic of the administration’s tariffs—reportedly offered a full-throated endorsement of the president’s trade and tax policies in a CNBC interview Thursday.
Dimon, long considered a bellwether in corporate America, praised both the effectiveness of President Donald J. Trump’s revised tariff strategy and the success of what the president calls his “Big, Beautiful” tax bill.
“I think we have a tax bill that created a very stable tax environment, which is internationally competitive,” Dimon said on Market Movers. “It’s really important that people understand if the United States has a non-international competitive tax system, it will be bad for the people of the United States — and believe it or not, particularly lower-income people. That’s where people completely miss sometimes.”
Dimon’s remarks represent a sharp departure from his tone just a few months earlier, when he warned that tariffs might fuel inflation and risk triggering a recession.
At the time, he cautioned shareholders in an April memo that “recent tariffs will likely increase inflation and are causing many to consider a greater probability of a recession.”
That caution has given way to a more measured, even optimistic, assessment. “We didn’t know what they [the tariffs] were going to be,” Dimon admitted. “And now we kind of know, and they’re more moderate, and thoughtful, and more carefully done. Hopefully they’ll help some companies export. Maybe some people move manufacturing back here. So far, so good!”
The JPMorgan chief’s recalibration suggests that even top figures in the financial world—many of whom initially opposed Trump’s America-first trade agenda—are now recognizing tangible benefits.
The administration’s calibrated tariffs have, in Dimon’s view, become more predictable and strategic, allowing businesses to adjust and even benefit, particularly in export and manufacturing sectors.
While critics on the left continue to raise alarms over the possibility of price increases, Dimon’s shift highlights what conservatives have long argued: that Trump’s tax and trade policy is not only pro-growth but pro-worker.
By encouraging domestic production and securing more favorable trade terms, the administration has worked to reverse decades of globalist orthodoxy that saw American jobs shipped overseas.
For all the dire predictions, Dimon’s new tone underscores the reality on the ground — a growing economy, a more competitive corporate tax structure, and a trade strategy that puts American industry first. As Dimon put it plainly: “So far, so good.”
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