Jamie Dimon Criticizes Trump's Immigration Policy: 'I Dislike What I'm Seeing'

• Dimon criticized ICE enforcement methods, saying 'I don't like what I'm seeing, five grown men beating up a little old lady' and urged the administration to 'calm down' on immigration anger
• The JPMorgan CEO advocated for citizenship pathways for 'hardworking people' and proper asylum opportunities, emphasizing immigrants are needed in hospitals, hotels, restaurants and agriculture
• When challenged about a 'climate of fear' among U.S. CEOs regarding Trump criticism, Dimon defended his outspokenness, noting he has publicly disagreed with Trump's tariffs, immigration policies, and stance on European allies

Summary: Jamie Dimon Criticizes Trump's Immigration Policy

Key Developments:

JPMorgan Chase CEO Jamie Dimon publicly criticized President Trump's immigration enforcement tactics at the World Economic Forum in Davos, Switzerland on Wednesday, marking a rare rebuke from a major U.S. corporate leader. While praising border security efforts that reduced illegal crossings to 50-year lows (October 2024-September 2025), Dimon condemned ICE enforcement methods, stating "I don't like what I'm seeing, five grown men beating up a little old lady."

Main Points:

• Company: JPMorgan Chase, the world's largest bank by market capitalization
• Leadership stance: Dimon has consistently advocated for immigration reform to boost U.S. economic growth through annual shareholder letters
• Policy criticism: Dimon opposed ICE raids at schools, hospitals, and places of worship, questioning who is being targeted and whether proper procedures are followed

Economic Implications:

Dimon emphasized immigrants' economic importance: "We need these people. They work in our hospitals and hotels and restaurants and agriculture, and they're good people." He urged Trump to provide citizenship pathways for "hardworking people" and maintain "proper asylum" opportunities while supporting merit-based green card systems and opposing H-1B visa limitations.

Market Context:

The Economist's editor noted a "climate of fear" among American CEOs, who have largely avoided criticizing Trump's policies during his second term, reportedly fearing retribution from an administration that has sued media companies, universities, and law firms. Dimon's willingness to speak out distinguishes him from peers who typically engage with the administration privately.

Bottom Line: The public criticism from America's most prominent banking CEO signals potential business community concerns about immigration policy impacts on labor markets and economic growth.