JPMorgan Chase CEO Jamie Dimon on US-China trade war: ‘it is neither desirable nor…’
[ad_1] JPMorgan Chase CEO Jamie Dimon said that the U.S. and China should keep communications open as trade tensions continue. In a recent interview with the Financial Times, Dimon said regular and respectful dialogue between the two nations is important to manage disagreements. Noting that China has seen strong economic growth, he highlighted that the country’s trade practices and influence in the region have raised concerns. “They are scaring Japan, Korea, Indonesia, Vietnam, India,” he stated, urging Chinese authorities to be receptive to addressing these concerns. Dimon's comments come as the Trump administration announced a sweeping new tariff of up to 245% on Chinese imports. China, on the other hand, said if the U.S. continues to play the "tariff numbers game", it will pay no attention to it.In the interview, Dimon further highlighted that the U.S. should not try to […]