JPMorgan Chase CEO Jamie Dimon commented on Donald Trump's tariff threats, indicating they could bring negotiators to the table, hoping for wise actions in this regard. At the APEC CEO Summit in Peru, Dimon noted that any unfair practices should be resolved, and strengthening oneself at the expense of others could lead to counteractions.
This marked Dimon's first public appearance since the recent U.S. election. During the election period, he refrained from endorsing any candidate, stating his readiness to collaborate with whoever ascends to power as the head of America's largest bank. In a post-election report to employees, Dimon and the leadership team congratulated Trump on his victory, expressing eagerness to engage with the new administration.
Trump had earlier posted on Truth Social that Dimon would not be invited to join his administration. In response, Dimon remarked that he hasn't had a boss for 25 years and isn't prepared to start now.
Following Trump's win, stocks of major U.S. banks surged. However, as investors considered Trump's cabinet appointments and potential policy directions post-inauguration, optimism slightly dampened in subsequent days. Dimon observed that many bankers were exuberant, and with the release of "animal spirits," companies would focus more on acquisitions and capital allocation, which he encouraged them to pursue.
