Jamie Dimon issues rare CEO criticism of Trump's immigration policy: 'I don’t like what I’m seeing'

JPMorgan Chase CEO Jamie Dimon said Wednesday that helium disagreed with President Donald Trump's attack to immigration, offering a uncommon nationalist rebuke by a U.S. firm person of 1 of Trump's signature policies.

Dimon, speaking connected a sheet astatine the World Economic Forum successful Davos, Switzerland, initially praised Trump's moves to unafraid the borders of the world's largest economy. Illegal crossings astatine the U.S.-Mexico borderline fell to the lowest level successful 50 years for the play from October 2024 to September 2025, the BBC reported citing national data.

But Dimon, who has agelong advocated for migration betterment to boost U.S. economical growth, besides made an evident notation to videos of U.S. Immigration and Customs Enforcement officers rounding up radical alleged to beryllium undocumented immigrants.

"I don't similar what I'm seeing, 5 grown men beating up a small aged lady," Dimon said. "So I deliberation we should calm down a small spot connected the interior choler astir immigration."

It's unclear if Dimon was speaking astir a circumstantial incident, oregon much broadly about ICE confrontations.

In the archetypal twelvemonth of his 2nd term, Trump has overhauled U.S. migration argumentation with a absorption connected wide deportations, tightened asylum access, and ramped up spending for ICE unit and facilities. Among a torrent of caller policies that changed the scenery for seeking American citizenship, the medication besides rescinded guidance connected wherever ICE arrests could happen, starring to raids astatine schools, hospitals and places of worship.

Unlike during Trump's archetypal term, American CEOs person mostly avoided nationalist disapproval of his policies. Wall Street analysts person speculated that concern leaders fearfulness retribution from the Trump administration, which has sued media companies, universities and instrumentality firms, and alternatively take to entreaty to the President retired of the nationalist spotlight.

On Wednesday, Dimon said that helium wanted to cognize much astir who is being swept up successful ICE raids: "Are they present legally? Are they criminals?... Did they interruption American law?"

"We request these people," Dimon added. "They enactment successful our hospitals and hotels and restaurants and agriculture, and they're bully people… They should beryllium treated that way."

For years, successful yearly shareholder letters and media interviews, Dimon has cited an migration overhaul arsenic 1 of the main avenues to unlock higher U.S. economical growth.

The seasoned CEO of JPMorgan, the world's largest slope by marketplace cap, has antecedently supported a merit-based strategy for greenish cards arsenic good arsenic citizenship for radical brought to America arsenic children, and pushed backmost connected proposals to bounds H-1B visas.

On Wednesday, Dimon urged Trump to let citizenship "for hardworking people" and "proper asylum" opportunities.

"I deliberation helium can, due to the fact that helium controlled the borders," Dimon said.

Later successful the wide-ranging interview, the Economist main exertion Zanny Minton Beddoes told Dimon that she was amazed astatine however cautious helium and different CEOs were successful speaking astir Trump.

"You are 1 of the much outspoken concern leaders," Beddoes said. "I'm genuinely struck by the unwillingness of CEOs successful America to accidental thing critical. There is simply a clime of fearfulness successful your country."

Dimon pushed back, saying that helium fto his views beryllium known astir Trump's tariffs, migration policies and stance towards European allies.

"I deliberation they should alteration their attack to immigration," Dimon said. "I've said it. What the hellhole other bash you privation maine to say?"