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Jamie Dimon says US needs to ‘get our own act together’

  • JPMorgan Chase CEO Jamie Dimon cautioned Friday about the tense US-China relationship and domestic issues during his speech at an economic forum held in California.
  • Dimon linked the tension to President Trump's tariffs, which have sharply cut US-China trade and added uncertainty to an already testy relationship between the two largest economies.
  • He emphasized the need to address major domestic challenges, including approval processes, regulatory frameworks, immigration policies, tax issues, urban education, and the healthcare system, to enhance the nation’s economic prospects.
  • Dimon stated, "We have to get our act together," and said the US could grow 3% annually if these challenges are addressed, while cautioning the 2024 deficit is about $2 trillion or 7% of GDP.
  • His warning suggests the US must manage both external adversaries like China and internal mismanagement to sustain economic resilience and avoid worsening fiscal deficits.
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Mediaite broke the news in United States on Friday, May 30, 2025.
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