Jamie Dimon says US should strengthen allies economically, in veiled criticism of Trump

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Jamie Dimon, CEO of JP Morgan Chase, urged the White House to strengthen economic ties with US allies in his annual letter to shareholders. Dimon's statement is viewed as a veiled criticism of Donald Trump's "America first" approach, particularly after Trump sued Dimon and JP Morgan Chase. Dimon warned that weakening democratic economies could lead to adverse consequences, making allies more dependent on adversaries. His comments come amid rising tensions over energy prices and transatlantic relations due to the Middle East conflict. Dimon, a Democrat, has become increasingly critical of Trump after previously having a close relationship.
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AI-ExtractedTrump told governments to “go get your own oil” by force from the Gulf.
Dimon said good US foreign policy should put America first “though not alone”.
Trump sued Jamie Dimon and JP Morgan Chase for at least $5bn after accusing them of debanking him.
Jamie Dimon urged the White House to strengthen Washington’s allies economically.
Some economists have warned that a prolonged conflict could drive oil prices above $170 a barrel, triggering a global recession.
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