At the 2025 Reagan National Economic Forum, JPMorgan Chase CEO Jamie Dimon warned that the United States risks losing global economic and military leadership if it fails to urgently fix domestic issues and strengthen international alliances.
Key Points:
- Dimon criticized U.S. handling of permitting, regulation, taxation, immigration, education, and healthcare.
- He called China a “potential adversary”, but said the U.S. should focus on “the enemy within”.
- Dimon warned the U.S. could lose reserve currency status if it’s no longer the leading global power in 40 years.
- He urged policymakers to engage with China on trade and avoid complacency.
- Comments follow Trump’s announcement to raise steel tariffs from 25% to 50%, reigniting trade tensions.
“We have to get our act together — and we have to do it very quickly,” Dimon stressed.