JPMorgan boss Jamie Dimon successfully pushed Donald Trump into pausing tariffs – by making his case on Maria Bartiromo’s Fox Business show because he knew the president was watching, it is claimed.
The Wall Street Journal reported as such on Wednesday, hours after the widely seen faceoff while tariffs were still tanking the stock market.
A source told the paper the banker ‘knew’ Trump and his inner circle ‘often watched Fox’, and that his message would thus likely get through.
Dimon previously warned persisting the policy would trigger a devastating recession, and week into Trump’s aggressive trade obstacles, that looked to be the case.
Days of volatility followed, leading Trump to announce he was putting a pause on most of the tariffs for 90 days on Wednesday afternoon – hours after Bartiromo’s interview.
It was a surprising move that sent markets soaring again – and one that also suggests Dimon’s words broke through.
During the talk, the CEO for the biggest bank in the country made a candid case for cancelling tariffs. It had been scheduled before Trump’s tariffs thrust markets into uncertainty, the same source noted.
But the banker, whose word is widely regarded in the sector, is said to have calculated he could use his spot to bring the president back around.
Jamie Dimon with Maria Baritromo on her Fox Business News show Wednesday. He made the case for canceling tariffs. Trump tuned in and paused them for 90 days later that afternoon
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