Trump's relationship with Jamie Dimon has hit rock bottom after the billionaire CEO of JP Morgan Chase launched a $5bn (£3.7bn) lawsuit against the bank and its boss over claims they unfairly closed Trump's accounts following the 6 January Capitol riots in 2021.
The dispute began years ago, when Dimon agreed to join an economic advisory council established by Trump in 2017. However, their relationship turned sour after Trump failed to denounce white supremacists at a Charlottesville rally in 2017. The council was quickly disbanded following the incident, and Dimon stated that it's a leader's role to bring people together, not tear them apart.
Their personal tensions escalated when Dimon made disparaging comments about Trump, stating he could beat him in an election and calling himself "as tough as" Trump. However, these comments did not sit well with the president, who responded by labeling Dimon as a "poor public speaker & nervous mess".
In recent times, their feud appeared to be on pause, with JP Morgan benefiting from Trump's deregulatory policies. However, their relationship has deteriorated further after Trump launched an attack on the Federal Reserve chair, Jerome Powell, and later launched a lawsuit against JP Morgan and Dimon.
Dimon publicly backed Powell earlier this month, warning that any actions threatening the central bank's independence would have negative consequences for inflation expectations and interest rates. He also criticized Trump's plans for a 10% cap on US credit card interest rates, calling them a potential "economic disaster".
In response, Trump has continued to criticize Dimon, stating that he wants higher interest rates and making money from them. The billionaire CEO of JP Morgan has warned about the risks of artificial intelligence causing civil unrest and criticized Trump's interest rate proposal.
The feud between Trump and Dimon has highlighted the increasingly divisive nature of their relationship. While they have had periods of cooperation, their personal tensions have ultimately led to this latest clash.
The dispute began years ago, when Dimon agreed to join an economic advisory council established by Trump in 2017. However, their relationship turned sour after Trump failed to denounce white supremacists at a Charlottesville rally in 2017. The council was quickly disbanded following the incident, and Dimon stated that it's a leader's role to bring people together, not tear them apart.
Their personal tensions escalated when Dimon made disparaging comments about Trump, stating he could beat him in an election and calling himself "as tough as" Trump. However, these comments did not sit well with the president, who responded by labeling Dimon as a "poor public speaker & nervous mess".
In recent times, their feud appeared to be on pause, with JP Morgan benefiting from Trump's deregulatory policies. However, their relationship has deteriorated further after Trump launched an attack on the Federal Reserve chair, Jerome Powell, and later launched a lawsuit against JP Morgan and Dimon.
Dimon publicly backed Powell earlier this month, warning that any actions threatening the central bank's independence would have negative consequences for inflation expectations and interest rates. He also criticized Trump's plans for a 10% cap on US credit card interest rates, calling them a potential "economic disaster".
In response, Trump has continued to criticize Dimon, stating that he wants higher interest rates and making money from them. The billionaire CEO of JP Morgan has warned about the risks of artificial intelligence causing civil unrest and criticized Trump's interest rate proposal.
The feud between Trump and Dimon has highlighted the increasingly divisive nature of their relationship. While they have had periods of cooperation, their personal tensions have ultimately led to this latest clash.
, like Dimon is literally a saint compared to trump, he was all about division and hate in charlottesville and now hes just calling out trump for his policies 
, trump thinks dimon is weak cuz hes a "poor public speaker" lol what has trump been doing on tv lately, cant even remember 
, its clear who the real villain is here, like Dimon is trying to keep inflation under control while trump just wants to make money off ppl's hard work 
It's like he's trying to make a fortune off the guy who thinks he's above the law 
. I mean, who needs that kind of drama in their lives? Not me, that's for sure 
Dimon just wants to protect his bank's interests, but Trump is just being his usual...Trump 
. I mean, Trump's been attacking JP Morgan and Dimon nonstop on social media, so I guess this is just the ultimate troll move 
. Newsflash: your dad doesn't run the bank, dude 
(GIF of a person trying to walk through a door with a "no entry" sign)
the thing with dimon, i thought they were done after the whole Charlottesville fiasco in 2017... but i guess some wounds just take longer to heal 
like, if you can't even be cool with each other after that big mess, then maybe you shouldn't be friends 
anyway, it's not like this is going to affect my savings account or anything - dimon's got this 
. And now they're taking this all the way to court? it's just a mess 
. Dimon's right though, as tough as Trump thinks he is, he can't even get a public speech right without sounding nervous and defensive 
Trump is at it again, stirring up drama with Jamie Dimon 
Dimon basically called out Trump's economic policies as a "potential disaster" and now Trump is lashing back at him. It's like they're trying to outdo each other in some kind of bizarre game of financial one-upmanship 
.
Who else is ready for this drama-filled showdown between two of America's most powerful (and eccentric) leaders? 
, even if it means going up against one of the most powerful people in the US, Trump. I mean, who wouldn't want to protect the independence of the Federal Reserve? That's a crucial institution for the economy. Meanwhile, Trump just wants to use his influence to get what he wants from Dimon 
.
. I mean, come on, dude, leave the guy alone 
. And what's with Trump's obsession with being tough? Can't he just be a grown adult for once? 
The fact that Dimon is taking a hard stance against Trump's plans for higher interest rates just shows how far their relationship has deteriorated. I mean, who tries to make money from a crisis? It's just another example of how Trump's ego and interests are prioritized over what's best for the country.
. It's refreshing to see someone like Dimon publicly standing up for Powell, even if it means ruffling some feathers 
.