### JPMorgan CEO Urges Swift Action on US Trade Policy

In a candid discussion at the 2025 Reagan National Economic Forum, JPMorgan Chase CEO Jamie Dimon emphasized the urgency for the United States to streamline its trade policies amidst escalating tensions with China. Speaking at a fireside chat, Dimon pointed to the volatile global geopolitical and economic environment as his primary concern.

Dimon underscored the necessity of addressing internal issues, which he referred to as "the enemy within." These issues encompass the United States' approach to permitting, regulation, taxation, immigration, education, and the healthcare system. Strengthening military alliances was also highlighted as a critical component.

"China is a potential adversary. They're doing a lot of things well. They have a lot of problems," Dimon remarked. "What I'm really worried about is us. Can we get our own act together? Our own values, our own capabilities, our own management."

He stressed the long-term implications of inaction. "If the United States is not the preeminent military and preeminent economy in 40 years, we will not be the reserve currency. That's a fact," Dimon warned. This differs from his usual confidence in American resilience, capturing the urgency of the moment.

In light of recent tensions, Dimon encouraged US leaders to remain engaged with China. "I just got back from China last week," he said. "They're not scared, folks. This notion that they're going to come bow to America, I wouldn't count on that."

The conversation also touched on the disruptive effects of tariff policies. Earlier this year, former President Donald Trump imposed substantial tariffs, which incited global market fluctuations. Despite some recovery through negotiations, the looming threat of increased tariffs continues to unsettle investors and economists.

In a recent post on Truth Social, Trump accused China of breaching the two nations' trade agreement. Additionally, he announced plans to double tariffs on steel imports, from 25% to 50%, aiming to bolster the US steel industry. "Nobody's going to get around that," Trump declared at a rally near Pittsburgh.

Jamie Dimon's remarks serve as a stark reminder of the immediate need for the United States to reform its trade strategies and internal policies to maintain its global standing.