- JPMorgan CEO Jamie Dimon on Wednesday said Trump "kind of right" about NATO and immigration.
- Dimon made the comments while in Davos, where he boosted the former president's economic record.
JPMorgan Chase chief executive Jamie Dimon said that former President Donald Trump was "kind of right" about NATO and immigration and urged Democrats to "be a little more respectful" of voters who are backing the ex-president's 2024 campaign.
During a CNBC "Squawk Box" interview conducted in Davos, the site of the World Economic Forum's annual meeting, Dimon on Wednesday said that Americans who adhere to the Make America Great Again movement were fond of Trump's policies and not necessarily backing the former president's personal conduct as they head into ballot booths.
"When people say MAGA, they're actually looking at people voting for Trump, and they think they're voting — they're basically scapegoating them, that you are like him. But I don't think they're voting for Trump because of his family values," Dimon said.
"He's kind of right about NATO. Kind of right about immigration," the chief executive continued. "He grew the economy quite well. Tax reform worked. He was right about some of China."
Trump during his presidency was highly critical of NATO; last year, Congress passed a Pentagon funding bill that effectively bars any president from unilaterally leaving the intergovernmental military alliance.
Dimon, similar to comments he made in November 2023, reiterated that he wanted to see Democrats "think a little more carefully" when they speak about MAGA and again pointed to his belief that Trump has been correct on a range of issues.
President Joe Biden has frequently used the term "ultra MAGA" to describe far-right attempts to undermine the country's foundation.
"I don't like how he said things about Mexico," Dimon said of Trump's oft-scorned comments about immigrants from that country entering the United States. "But he wasn't wrong about some of these critical issues, and that's why they're voting for him. And I think people should be a little more respectful of our fellow citizens."
Dimon predicted that Biden's attacks against MAGA would "hurt" the president's reelection bid in November. However, Biden isn't letting up on using the language against Trump.
After Trump won the Iowa caucuses on Monday, Biden wrote on X: "Here's the thing: this election was always going to be you and me vs extreme Maga Republicans. It was true yesterday and it'll be true tomorrow."