JPMorgan Chase CEO Jamie Dimon not afraid of China, more worried about US

The CEO and Chairman of the Board of Directors of the JPMorgan Chase, Jimmy Damon, doubled a strong position that he “is not afraid” of America’s fastest deduction, China.

“I am not afraid of them … China,” Damon said in an exclusive interview about “Al -Sabah with Maria”, which was broadcast on Monday. “First of all, they are not afraid of us either.”

With a note after a recent visit to China: “Go there, you get a clear impression that they are doing what they are doing, they put a lot of money in artificial intelligence, cars and robots. They will be 30 or 40 % of new medications, at some point soon. They are walking on their way, but they have weaknesses.”

On Friday, Damon participated in a conversation on the Fireside side during the National Economic Forum, Reagan in Wadi Simi, California, at the Ronald Reagan Presidential Library, where he confirmed, during his speech, that he did not consider China as the best economic or military competitor in America.

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“I am not concerned about China,” Damon said during the committee. “China is a possible opponent. They are doing a lot of things well, they have a lot of problems. But what I really am concerned is we. Can we collect our work together, our own values, our own ability, and our management?”

A large number of problems in China include “a lot of poverty, and many of their neighbors who repeat the departure”, and they contradict American political geography, the Executive and president’s Executive with Fox Business’ Maria Bartiromo expanded.

“We are still the most prosperous economy on this planet,” Damon pointed out. “But my point, the thing [is] I am not afraid of them, I am afraid that we will not deal with us internally. “

“If America is doing our things fine-cancellation of restrictions, permit, education, pro-business, growth of the economy, and assisting low-income persons by cultivating the economy and stabilizing immigration … we will be in good condition.”

In recent months, the United States and China have begun in a high -risk tariff war. President Donald Trump suggested a 145 % tax on imported goods, while China has taken a retaliatory position with a tariff of 125 %. Earlier this month, the two countries reached an agreement to reduce tariffs to 30 % and 10 %, respectively, but China has now accused the United States of violating the commercial truce.

Axios and BBC reported on Monday that the Chinese Ministry of Commerce confirmed during a government media press conference that China has been introducing “firm and strong measures” after Washington claimed export monitoring instructions for artificial intelligence slices.

Damon stressed the importance of protecting customers and their money through their own investments in artificial intelligence and cyber security at an amount of $ 20 billion.

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“Cyber ​​is a big deal. China Sber[security] It is a big deal, and we do not really know what our government does, by the way, but it is a big deal and we spend a lot of money in our protection and our customers on the Internet. “

“There is an example, a tectonic plate,” continued. “National security is decisive. So the most important thing, for me, in trade will protect our national security.”

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Fox News Emma Colon contributed to this report.