Business

Jamie Dimon identifies key focus for Trump team amid global ‘tectonic’ shifts

While President Donald Trump does not show any signs of slowing down his commercial agenda, the CEO of JPMorgan Chase, the American giant JPMorgan, highlighted what he argued as “the most important” focus on the Trump administration among the “geopolitical tectonic paintings”.

“The big picture is that tectonic panels turn. We got our heads wrapped around it.” Jimmy Damon said during an exclusive interview about “Al -Sabah with Maria”, broadcast next Monday.

Damon noticed “the geopolitics with these terrible wars, terrorist activity, the terrible agent around the world, North Korea, and the potential spread of nuclear weapons over time, which is the biggest threat to humanity” as well as the changing global economy.

“The most important thing is to preserve these military alliances, and to eliminate everything you have to spend to get the most powerful army in the world … to preserve both Western military alliances,” urged it to do so. “If the world is unable to rely on the American military umbrella … they will search for alternatives – and there is only one real alternative there, or obtaining a nuclear weapon.”

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Damon noted that preserving military and economic alliances is the key to preserving “the world safe and free for democracy.”

The Trump administration has focused most of his first months in foreign policy issues such as wars in Ukraine and the Middle East as well as global trade, that is, through aggressive tariff policies.

Although the Trump administration is facing a legal battle on the policies of aggressive collective tariffs, the White House is still confident in the agenda of the commercial president, and he claimed that “three” additional commercial deals are awaiting its signing.

Part of the goal of Trump’s tariff is to help achieve parity of what the president said was contracts from foreign countries that install commercial barriers on American goods. However, Damon argued, “We have done a little” starting from the sweeping liberation day.

“I think the best that we can hope is … it is finishing – there may be 15 important people – their termination,” Damon told the Fox Maria Partopiromo presenter.

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The financial force also encouraged management to focus on policies that “maintain, expand and develop American alliances, especially with the goal of Europe to become” stronger “.

Located alongside foreign policy, the administration is also committed to addressing local economic growth through the work of a “major and beautiful bill” supported by Trump.

The bill is a comprehensive legislation that extends millions of dollars that develops Trump’s agenda on taxes, immigration, energy, defense and national religion. It has sought to follow the federal government spending by reducing nearly $ 1.5 trillion of government spending elsewhere. The US government debt exceeds $ 36 trillion and spent 1.05 trillion dollars more than in the fiscal year 2025, according to the Treasury.

The “Grand and Beautiful Bill” passed the House of Representatives last week with a few republican defections, which is outside the Senate.

Dienon said that reforms for regulations, immigration, taxes, and more would help the United States “grow 3 % annually and all these problems will disappear.”

Noting the high path of the American religion, Damon encouraged the legislators on “completing the tax bill” and then “focusing on other things to develop the economy.”

Get the “Morning with Maria” on Monday to meet the CEO of the full company JPMorgan Chase.

Christine Altos from Fox News Digitter, Landon Mayon, Greg Winner, Bill Maires and Elizabeth Ilkend contributed to this report.

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2025-05-31 00:03:00

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