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JPMorgan Chase CEO Jamie Dimon has called for the US to prioritize national security by reducing reliance on China for critical supply chains. His remarks come amid a new trade deal between the US and China that has boosted market sentiment.
- Dimon warns of US over-reliance on China for critical supplies like penicillin (100%) and rare earths (80-90%).
- He advocates for prioritizing national security over trade, especially in tech and military-sensitive sectors.
- A new US-China trade deal triggered a market surge, with the S&P 500 up 3.26% and Nasdaq up 4.35%.
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