Washington, D.C. — The leader of JPMorgan Chase, Jamie Dimon, emphasized the urgent need for the United States to strengthen its approach to trade and international relations as global tensions rise. Speaking at the 2025 Reagan National Economic Forum on Friday, Dimon expressed concerns over the shifting geopolitical landscape, particularly the dynamics between the U.S. and China.

During a candid fireside chat, Dimon articulated his belief that the U.S. must tackle several internal issues to maintain its status as a global leader in both military and economic spheres. He referred to these challenges as “the enemy within,” indicating that a wide range of reforms in permitting, regulation, taxation, immigration, education, and healthcare are necessary for national resilience.

“Can we get our own act together?” Dimon asked, highlighting the importance of addressing internal weaknesses alongside the need to uphold key military alliances. He warned that if the United States fails to remain a “preeminent” global power, it risks losing its status as the world’s reserve currency over the next four decades.

While acknowledging the resilience of the U.S. economy, Dimon noted that the current challenges are distinct and require swift action. “We have to get our act together, and we have to do it very quickly,” he stated, underscoring the urgency of the situation.

Dimon shared insights from his recent trip to China, where he observed that the country is not intimidated by American influence. He encouraged U.S. leaders to engage in constructive dialogue with China, framing it as an opportunity rather than a threat. “They’re not scared,” Dimon remarked, suggesting that American assumptions about China’s willingness to concede may be misguided.

The conversation also touched on the repercussions of tariffs imposed by former President Trump earlier this year, which unsettled global markets but triggered negotiations among affected nations. The possibility of renewed tariffs remains a concern for many investors and economists.

In a recent social media post, Trump reiterated accusations against China regarding trade violations and announced plans to escalate tariffs on steel imports from 25% to 50%. This move, announced during a rally in Pennsylvania, aims to bolster the American steel industry, but it could further strain U.S.-China relations.

With diverse opinions on the future of trade relationships, the discussion at the forum highlighted the need for a collaborative and strategic approach to foreign policy. As the economic landscape evolves, leaders in both government and business are called to respond effectively to maintain the U.S.’s competitive edge on the global stage.