Dimon warns that US's biggest problem is 'the enemy within'

JPMorgan Chase CEO Jamie Dimon has warned that China isn’t the biggest threat to the US, it’s “the enemy within.” Dimon appeared at the Reagan National Economic Forum in Simi Valley, California, on Friday, arguing that “tectonic plates are shifting.”

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“Those tectonic plates are the geopolitics with these terrible wars, terrible proxy terrorist activity around the world, North Korea, the potential proliferation of nuclear weapons over time, which is the greatest threat to mankind,” said Dimon, one of America’s top bankers.

He said the other tectonic shift is the global economy, before going on to seemingly criticise the aggressive trade policies and the apparent breaking up of traditional Western alliances by President Donald Trump. “The other tectonic shift is ... the global economy. So the global military umbrella of America, and then the global economy, of which trade is a part,” he said. “The other parts are, do people want to partner with you? Do you have your alliances? You have investment agreements and all those various things. And they're changing.”