Jamie Dimon is done being ‘binary’: On Trump’s ‘economic disaster’ credit card plan, foreign policy, and NATO

In an increasingly fraught political environment, JPMorgan CEO Jamie Dimon is steering clear of any “binary” outlooks.

Macroeconomic and foreign policy out of the White House under Trump 2.0 has divided opinion: Critics have blasted his tariff plans as “bullying,” while advocates believe the Oval Office is merely righting unfair trade practices.

The Wall Street titan is keen to find a middle ground, particularly if the outcome of some policies remains unclear. Speaking at the World Economic Forum meeting in Davos, Switzerland, this week, Dimon repeatedly said he wanted to avoid drawing “binary” conclusions about the economy and the impact of foreign policy.

Even on White House policies he believes would be a “disaster,” he said he was still open to the idea of an experiment. For example, President Donald Trump is pressuring U.S. lawmakers to pass legislation to limit credit card rates to 10%, having appealed to banks on social media to voluntarily sign up to the agreement.

“It would be an economic disaster,” Dimon told the Davos audience, suggesting it would remove credit lines for 80% of Americans. A study released Monday by the Read Entire Article