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Home / Business / Dimon says Trump's tax cuts and deregulation have sped up growth

Dimon says Trump's tax cuts and deregulation have sped up growth



J. Morgan Chase CEO Jamie Dimon said on Monday that President Donald Trump's tax cuts, along with some of his other efforts, have helped the US economy.

0 years, it should have been 40. The reason why it was not 40 is because of many things we've done ourselves."

Dimon & # 39; s comments come after The US Department of Commerce announced Friday that the US economy grew 4.1 percent in the second quarter. This was the highest growth rate since the third quarter of 2014, when the economy grew 4.9 percent.

At the end of last year, Trump signed a bill that lowered federal corporation tax rates from 35 percent to 21 percent. Trump eased some regulations last year, which he believes would hurt US companies.

But Dimon said he was worried that Trump's trade policy might be a headwind for US economic expansion: "I think it could offset some of the benefits of tax reform and other measures."

The Trump administration has in At the beginning of this month, the US tapped tariffs on $ 34 billion of Chinese goods, and the US also imposed tariffs on steel and aluminum imports from Mexico, Canada and the European Union Duties with their own duties defended.


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