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The Guardian - UK
The Guardian - UK
Business
Graeme Wearden in Davos

Davos day two: Spain’s PM warns tech billionaires threaten democracy; Jamie Dimon says ‘get over’ Trump tariffs - as it happened

Prime Minister of Spain Pedro Sanchez speaks during a plenary session of the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland,today
Prime Minister of Spain Pedro Sanchez speaks during a plenary session of the 55th annual World Economic Forum (WEF) meeting in Davos, Switzerland,today Photograph: Michael Buholzer/EPA

Dimon: 'get over' Trump tariffs

Jamie Dimon has also argued today that people should ‘get over’ Donald Trump’s tariffs, rather than worrying about them too much.

Dimon argues that tariffs are “an economic tool” or “an economic weapon,” depending on how they’re used.

During his interview with CNBC from Davos, he said:

“I would put in perspective: If it’s a little inflationary, but it’s good for national security, so be it. I mean, get over it.”

Jamie Dimon says he’s patched relationship with Musk

JPMorgan CEO Jamie Dimon has revealed here in Davos that he has patched up his relationship with tech billionaire Elon Musk.

“Elon and I hugged it out,” Dimon told CNBC in a TV interview, adding:

“He came to one of our conferences, [and] he and I had a nice, long chat. We settled some of our differences.”

Dimon praised Musk’s various companies, including Tesla, space exploration firm SpaceX and Neuralink — a startup seeking to develop brain-computer interface systems.

“The guy is our Einstein,” the JPMorgan chief said.

“I’d like to be helpful to him and his companies as much as we can.”

More here.

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