JPMorgan Chase CEO Jamie Dimon has issued a blunt warning to US officials not to assume China will buckle under trade pressure. He cautioned that the Chinese government will not be swayed by tariffs and believes Beijing is preparing for future conflicts.
Dimon, who recently visited China, told a crowd of politicians and executives that China’s engineers are working on problems they face, and that they’ve been preparing for this for years. This statement comes as the Trump administration claims that China needs to blink first in trade negotiations.
The US and China had a brief thawing of relations earlier this month, but tensions are resurfacing. Dimon’s comments also highlight his concerns about America’s military preparedness for future conflicts, warning that the country is not adequately equipped to handle a war in the South China Sea.
Dimon emphasized that the US knows how to prepare for conflict, but needs to take action. His warnings serve as a reminder that trade tensions between the two nations are complex and multifaceted, and that simply relying on China to blink first may not be an effective strategy.
Source: https://www.axios.com/2025/05/30/china-trump-tariffs-dimon