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Jamie Dimon Rebukes Davos Elite, Criticizes U.S. Immigration Crackdown

The JPMorgan chief delivered a rare public push for immigration reform as a self-described globalist 'critical friend' to the Trump administration.

Overview

  • Speaking at the World Economic Forum in Davos on Jan. 21, Dimon told attendees they “didn’t do a particularly good job making the world a better place.”
  • Dimon criticized elements of immigration enforcement, referencing footage of ICE actions and saying he didn’t like seeing “five grown men beating up a little old lady.”
  • He called for citizenship pathways for hardworking people, a merit-based system, and proper asylum processes, questioning who is being detained in raids and stressing immigrants’ contributions to the economy.
  • He objected to a proposed $100,000 fee on H-1B visas, signaling likely pushback from business over limits on high-skilled immigration.
  • He affirmed a globalist stance favoring stronger ties with Europe and NATO and noted he has voiced disagreements publicly even as many CEOs are cautious about criticizing the White House.