At the 2025 Reagan National Economic Forum, JPMorgan Chase CEO Jamie Dimon expressed concern about the U.S.-China trade war and urged the U.S. to address its own internal issues like permitting and regulation to remain competitive. He warned that without improvement in areas such as military capability and economic management, the U.S. risks losing its status as the world's reserve currency. He also noted the importance of strong military alliances and highlighted the need for proactive engagement, given China's confidence on the global stage.
China is a potential adversary. They're doing a lot of things well. They have a lot of problems. What I'm really worried about is us.
If the United States is not the preeminent military and preeminent economy in 40 years, we will not be the reserve currency.
We have to get our act together, and we have to do it very quickly.
I just got back from China last week, they're not scared, folks. This notion that they're going to come bow to America, I wouldn't count on that.
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