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JPMorgan Chase

CEO Jamie Dimon said Wednesday that he disagreed with President Donald Trump’s approach to immigration, offering a rare public rebuke by a U.S. corporate leader of one of Trump’s signature policies.

Dimon, speaking on a panel at the World Economic Forum in Davos, Switzerland, initially praised Trump’s moves to secure the borders of the world’s largest economy. Illegal crossings at the U.S.-Mexico border fell to the lowest level in 50 years for the period from October 2024 to September 2025, the BBC reported citing federal data.

But Dimon, who has long advocated for immigration reform to boost U.S. economic growth, also made an apparent reference to videos of U.S. Immigration and Customs Enforcement officers rounding up people alleged to be undocumented immigrants.