J.P. Morgan Chase CEO Jamie Dimon says there are 'serious issues' affecting global companies that need to be addressed.
J.P. Morgan Chase CEO Jamie Dimon did not condemn the White House's decision to face off with China on trade. Even if it's a drag in the near-term.
"We're better off dealing with it now, whatever that means for the economy," Dimon said on stage at the Council on Foreign Relations Thursday evening."I wasn't in favor of the tariffs and the threatening but absolutely in facing the issues." The two largest economies have been locked in a stalemate over trade, each imposing billions of dollars worth of tariffs on each others' goods. Washington and Beijing moved closer to a deal during trade talks this week. But negotiators still need to smooth out details as they push for a final summit between Chinese President Xi Jinping and President Donald Trump.
"We don't want a soybean deal. If they agree to buy $200 billion in goods from us that doesn't fix the problem," Dimon said during the discussion, which was moderated by David Rubenstein, co-founder and co-executive chairman of The Carlyle Group.
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