If implemented, the proposed tariffs could spike inflation, but national security is more important, the bank CEO said.

JPMorgan Chase CEO Jamie Dimon said Wednesday the looming tariffs that President Donald Trump is expected to slap on U.S. trading partners could be viewed positively.Despite fears that the duties could spark a global trade war and reignite inflation domestically,

Dimon's comments Wednesday come as Trump has threatened to impose a 25 percent tariff on products from Mexico and Canada by February 1 and a 10 percent tariff on Chinese imports. Earlier Wednesday, Trump also teased the notion of imposing "taxes, tariffs, and sanctions" on Russia if it doesn't end its war against Ukraine.

Despite fears that the tariffs could spark a global trade war and reignite inflation domestically, Jamie Dimon, CEO of JPMorgan Chase, said they could protect American interests and bring trading partners back to the table for better deals for the country,

JP Morgan Chase CEO Jamie Dimon on Wednesday weighed in on President Trump’s proposed tariffs on Canada, Mexico and China among other nations, saying national security benefits would outweigh any inflationary impact.

JPMorgan Chase CEO Jamie Dimon called the US stock market “kind of inflated” — even as he urged critics to “get over” their fears of President Trump’s proposed tariffs. During an interview on Wednesday with CNBC at the World Economic Forum in Davos,