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Trump and top banker tussle over who is smarter

16 September 2018

Dimon quickly walked the comments back and said he was wrong about beating Trump.

"The problem with banker Jamie Dimon running for President is that he doesn't have the aptitude or "smarts" & is a poor public speaker & nervous mess - otherwise he is wonderful", the president said in a tweet Thursday morning.

Dimon nearly immediately realized that he was in the wrong realm and his company issued a statement retracting his comments.

Mr. Trump's assertion comes after Dimon remarked on Wednesday that he could beat President Trump in a presidential election, before backpedaling as his comments drew media attention. I would be fine. According to the Wall Street icon, he "could beat Trump" because he is "as tough as he is" and "smarter than he is".

"He could punch me all he wants, it wouldn't work with me". He added that a banker is unlikely defeat a liberal candidate from the Democratic Party.

"I should not have said it", Dimon said in a statement.

Dimon, incidentally, was a member of Trump's strategy and policy forum prior to its disbanding, and he has praised the business-friendly tax cuts that the president signed into law previous year. "I'd fight right back", Dimon said during a panel discussion with ABC News reporter Rebecca Jarvis. The banking executive fully supported Trump's corporate tax cuts that passed late previous year but has expressed frustration with the White House's positions on immigration and trade. But Dimon, who leads one of America's biggest financial institutions, says he can't ignore him either. And it seems he's happy staying in the private sector, with Dimon and JP Morgan's board agreeing in January that he will stay as CEO for another five years.

Trump and top banker tussle over who is smarter