Jamie Dimon raises concerns about tariffs two months after his now-famous 'get over it' line
Source: CNN
Jamie Dimon raises concerns about tariffs two months after his now-famous ‘get over it’ line
By Samantha Delouya, CNN
2 minute read
Updated 1:59 PM EDT, Thu March 13, 2025
(CNN) — Two months ago, JPMorgan Chase CEO Jamie Dimon had a curt message for people protesting President Donald Trump’s tariff policy: “Get over it.” But with stock markets lower and cracks appearing to form in the US economy, Dimon himself might not be over it.
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Since then, Trump’s on-and-off tariff policy has caused volatility in the stock market. Although broader markets rebounded on Wednesday, the S&P 500 was still down more than 7% over one month.
On Wednesday, Trump imposed sweeping 25% tariffs on all steel and aluminum imported into the United States — the latest round of tariffs in a global trade war — with Canada and the European Union swiftly retaliating. He has said his goal is to revitalize American manufacturing, slow illegal immigration and end fentanyl smuggling, but economists have warned that broad-based tariffs threaten to drive up prices on everything from food to new homes.
Dimon wasn’t the only CEO sounding off on Wednesday about the risks of tariffs. Larry Fink, the CEO of BlackRock, the world’s largest asset manager, said he believed the economy was weakening due to tariffs.
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Read more: https://edition.cnn.com/2025/03/12/business/jamie-dimon-tariff-uncertainty/index.html
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times and unnecessarily destroyed his reputation. There was a lot of good will for Dimon because of his negotiating skills and a certain amount of guts during the Great Recession. A year ago he began giving bizarre interviews in which he said he was "leaning towards Trump" and continued to say good things about him.
Experienced economists were puzzled by Dimon because our economy was the envy of the world, so strong it helped to stabilize other nations.
Be that as it may, Dimon continued to sound anxious and nervous in interviews about the economy and politics, "leaning towards Trump" and then abruptly, around mid-summer, switching teams. So Forbes leaked that he was supporting Biden and then Harris, but didn't seem to want anyone to know about it. 
Then after Trump wins, Dimon leaps aboard Team Trump, praising an (obviously) incompetent economic policy and sounding like an actual half-wit who has zero experience in finance and banking.
The only mitigating factor is that IMO he has sounded scared and scatterbrained in interviews, of which my takeaway is he actually has been scared about the domestic and global economy and his anxiety is manifesting in these stupid and hard-to-comprehend ways.