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Trump trade war could challenge US credibility, says Jamie Dimon

JPMorgan chief tells the FT that Washington and Beijing ‘should engage’ as tariffs escalate

Donald Trump’s trade war risks eroding the US’s credibility, Jamie Dimon warned, as the JPMorgan Chase chief executive urged Washington to “engage” with Beijing.

Dimon said that the US remained “a haven” because of its prosperity, rule of law, and economic and military strength, but that America’s economic pre-eminence could come under threat from the president’s attempt to reshape global trade.

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