“America is first well, but not America alone,” said Jimmy Damon, who calls for the participation of the United States of China, amid commercial tensions.

Jpmorgan Chase & Co. Jpm CEO Jimmy Damon He presented his visions on global trade and relations between the United States of China amid the rising tariff tensions.

What happened: In a modern interview with DIMON has stressed the importance of respectful and consistent dialogue between the United States and China to reduce trade tensions. While he admitted the great economic growth in China and its success, it also highlighted the widespread global concerns about its commercial practices and regional impact.

“They are Japan, Korea, Indonesia, Vietnam, India.” He urged the Chinese authorities to be accepted to address these concerns.

Jpmorgan Chase’s CEO against the complete economy of China said he is neither desirable nor necessary. He said that although it is “certainly possible” … “I don’t think this is the goal.” He suggested that the United States depend on self -reliance and cooperation with allies such as Europe, the United Kingdom, Japan, Korea, Australia and the Philippines to negotiate jointly to obtain fair trade agreements.

When asked if the president Donald Trump He must invite the Chinese president Xi JinpingDamon did not respond directly, but he said: “I think the adults should talk to each other, listen to each other and confess when the other person is right, or at least he has a good point.” The CEO expressed optimism that participation between the two countries will happen in the future. “It begins with a phone call,” Damon said.

Despite concerns about a recent decline in the US dollar, Damon expressed confidence in the American economy, highlighting the rule of law, innovation and military power. He warned against taking the position of America as a Muslim by him, saying: “America first is fine, but not America alone.” JPMorgan CEO has stated that she turned in the Western world is a “bad idea”. “We have not read a book for 40 years:” How did the West lost, “said JPMorgan’s CEO.

Jimmy Damon stated that although he does not agree with everything the Trump administration is doing, he hopes that the Treasury will provide Scott Pesin It would lead commercial deals well.

See also: Bill Gates says that his children and grandchildren will live in a “very changed world” as artificial intelligence puts an end to the lack of teachers and doctors – Banznaga

Why do it matterThis is not the first time that Damon has expressed his views on commercial tensions. Earlier in April, that president warned Donald TrumpThe tariff of definitions can lead to inflation and slow down the American economy. He warned of the possible short -term effects, including inflationary effects on both imported and local goods.

Later in the same month, during the JPMORGAN profit call in the first quarter, Dimon presented more ideas about the possible effects of these definitions on companies and economics. Talk to the economic jpmorgan Michael FarleyWho updated the bank’s most expectations, which call for 50/50 stagnation opportunities due to the ongoing global trade tensions.

Meanwhile, the American definitions in China increased to 245 % while the president Donald Trump The negotiations are awaiting talks from the Chinese president Xi Jinping.

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Disintegration: This content was partially produced with the help of artificial intelligence tools and was reviewed and published by Beenzinga editors.