President Donald Trump’s looming tariffs on Canada and Mexico might be “a little inflationary, but it’s good for national security,” says JPMorgan Chase CEO Jamie Dimon.
“If it’s a little inflationary, but it’s good for national security, so be it. I mean, get over it,” Dimon told CNBC’s Andrew Ross Sorkin during an interview at the World Economic Forum in Davos, Switzerland. “National security trumps a little bit more inflation.”
Trump said Monday that he expects to put 25% tariffs on Canada and Mexico starting on Feb. 1.
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