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International Business Times UK
International Business Times UK
Annalyn Zoglmann

Wall Street Goes to War: JPMorgan's $10B Security Push as Beijing Vows Retaliation Over 100% Tariffs

JPMorgan United States Donald Trump Jamie Dimon Beijing Wall Street JPMorgan Chase China National Security America
US President gets support from JP Morgan through the $1.5 trillion Security and Resiliency Initiative (Credit: AFP)

KEY POINTS

  • JPMorgan to invest $10B in U.S. defence, energy, and manufacturing sectors.
  • The firm will hire bankers and form an external council to guide the 10-year plan.

JPMorgan Chase has announced a sweeping plan to invest $10 billion (£8.2 billion) in American companies considered vital to national security and economic resilience.

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