Former President Donald Trump launched a scathing attack on Jamie Dimon, CEO of JPMorgan Chase, via a post on Truth Social Thursday morning. Accusing Dimon of being an “overrated Globalist,” Trump criticized him for “pushing another non-MAGA person for President.” The social media outburst comes on the heels of Dimon’s recent comments at the New York Times’ DealBook Summit, where he suggested the need for a Republican alternative to Trump.
Trump, in his post, not only labeled Dimon as overrated but also recalled past interactions, claiming he was not a “big Jamie Dimon fan” and referenced Dimon’s previous role on a Trump administration business council. This council disbanded following the 2017 white supremacist riots in Charlottesville.
Dimon, who admitted to working with Trump in the past, has had a complex relationship with the former president. Initially rumored for the position of treasury secretary, Dimon distanced himself, and the role eventually went to Steven Mnuchin. Despite serving on Trump’s business advisory council, Dimon faced criticism and did not step down until May 2017.
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Speculation about Dimon’s potential presidential bid arose in 2018 when he claimed he “could beat Trump.” This led to a Twitter exchange where Trump criticized Dimon’s intelligence and public speaking abilities. Tensions flared again this year when Dimon questioned Trump’s knowledge of the national debt ceiling.
Despite rumors of Dimon entering politics, JPMorgan dismissed such speculation earlier this year, asserting that the CEO had “no plans to run for office.” Notably, billionaire Bill Ackman suggested Dimon run for president as a Democrat, a notion promptly dismissed by JPMorgan.
The recent exchange adds to the ongoing political dynamics within the Republican party, with Nikki Haley, a potential GOP candidate, receiving endorsements and attention from anti-Trump Republicans. Notably, Trump criticized the Americans for Prosperity Action’s endorsement of Haley, terming it “bad for our Country” on Truth Social.
As the drama unfolds on social media, it remains to be seen how this exchange will impact both Dimon and Trump’s standing within the political landscape.
