‘We need to act now’: Jamie Dimon warns the US is too reliant on ‘unreliable sources’ as JPMorgan launches huge investment plan

Jamie Dimon warned that the US is dangerously overdependent on foreign suppliers.

Noam Galai/Getty Images

Jamie Dimon says the US is “too reliant on unreliable sources” for vital minerals and tech.
JPMorgan launched a $1.5 trillion plan to boost key industries from AI to energy resilience.
Dimon warned America must “act now” to rebuild economic and national security strength.

Jamie Dimon said the US has become too dependent on foreign suppliers for the materials and technologies that underpin its economy and national security.

“It has become painfully clear that the United States has allowed itself to become too reliant on unreliable sources of critical minerals, products, and manufacturing — all of which are essential for our national security,” the JPMorgan Chase CEO said Monday.

Dimon’s warning came as the bank unveiled a decadelong, $1.5 trillion Security and Resiliency Initiative aimed at strengthening industries crucial to US competitiveness — from critical minerals and advanced manufacturing to energy, defense, and frontier technologies like AI and quantum computing.

The initiative will include up to $10 billion in direct investments to accelerate domestic production and innovation, alongside financing across supply chains and defense infrastructure.

JPMorgan also plans to hire more bankers and create an external advisory council of public and private-sector leaders to guide its efforts.

Dimon said the US needs to “act now” to restore industrial strength, urging policymakers to cut red tape, modernize education, and back investment in strategic sectors.

“America needs more speed and investment,” he said. “Our security is predicated on the strength and resiliency of America’s economy.”

Read the original article on Business Insider

Content Accuracy: Keewee.News provides news, lifestyle, and cultural content for informational purposes only. Some content is generated or assisted by AI and may contain inaccuracies, errors, or omissions. Readers are responsible for verifying the information. Third-Party Content: We aggregate articles, images, and videos from external sources. All rights to third-party content remain with their respective owners. Keewee.News does not claim ownership or responsibility for third-party materials. Affiliate Advertising: Some content may include affiliate links or sponsored placements. We may earn commissions from purchases made through these links, but we do not guarantee product claims. Age Restrictions: Our content is intended for viewers 21 years and older where applicable. Viewer discretion is advised. Limitation of Liability: By using Keewee.News, you agree that we are not liable for any losses, damages, or claims arising from the content, including AI-generated or third-party material. DMCA & Copyright: If you believe your copyrighted work has been used without permission, contact us at dcma@keewee.news. No Mass Arbitration: Users agree that any disputes will not involve mass or class arbitration; all claims must be individual.