Jamie Dimon has a direct message for President Donald Trump ahead of trade talks with Chinese President Xi Jinping at the G20 Summit: Don’t agree to a deal just for the sake of getting one.
Jamie Dimon has a direct message for President Donald Trump ahead of trade talks with Chinese President Xi Jinping at the G20 Summit: Don’t agree to a deal just for the sake of getting one.
Trump is scheduled to meet this weekend with China’s President Xi Jinping at the G20 meeting in Osaka, Japan. Addressing the trade war between the countries will be at the top of the agenda. “There’s a path to complete this,” Treasury Secretary Steve Mnuchin told CNBC. The Trump administration had at one point made it 90% of the way to a deal, Mnuchin added, without specifying what held up the talks or why the deal hadn’t been completed.
Earlier this month, Dimon met with Trump in his capacity as chairman of the Business Roundtable, a lobbying group for big U.S. companies that includes many prominent CEOs on its board. Story continues‘We don’t expect a quick resolution at this point’As for not favoring tariffs, Dimon notes that “a lot of people have said the same thing. But we would like a successful conclusion. I agree with the fact that there's serious trade issues with China, and he's laid them out. IP, lack of bilateral investment rights, regulatory barriers, a whole bunch of stuff, state-owned enterprise. Those are legitimate complaints, which we need to resolve.
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