{"id":248184,"date":"2025-09-23T06:03:12","date_gmt":"2025-09-23T06:03:12","guid":{"rendered":"https:\/\/www.europesays.com\/us\/248184\/"},"modified":"2025-09-23T06:03:12","modified_gmt":"2025-09-23T06:03:12","slug":"natural-friends-india-us-can-get-trade-deal-done-h-1b-hike-comes-out-of-the-blue-americas-most-powerful-banker","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/248184\/","title":{"rendered":"&#8216;Natural friends&#8217; India, US can get trade deal done, H-1B hike comes out of the blue: America&#8217;s most powerful banker"},"content":{"rendered":"<p>JPMorgan Chase CEO Jamie Dimon has said India and the United States are \u201cnatural friends\u201d and voiced confidence that the two countries could strike a trade deal, even as talks remain stalled over market access and rising tariffs. <\/p>\n<p>In an exclusive interview with The Times of India, Dimon, seen as America&#8217;s most powerful banker, also criticised President Donald Trump\u2019s decision to impose a $100,000 fee on H-1B visas, saying the announcement \u201ccame out of the blue.\u201d<\/p>\n<p>\u201cI hope President Trump and PM Modi, who seem to respect each other, can reach an agreement,\u201d Dimon, America&#8217;s most powerful banker, said. \u201cI see India as a natural friend of America. I don\u2019t think we need to ask you to align; we should extend our hand, build relationships.\u201d<br \/>\u201cThe Ukraine war has created big problems&#8230;we feel strongly Russia\u2019s doing bad things and must be stopped. Trade will feel the pressure from that,\u201d Dimon added.<\/p>\n<p>His remarks come as Commerce and Industry Minister Piyush Goyal is in Washington this week to revive negotiations on the long-pending India-US trade agreement.<\/p>\n<p><img decoding=\"async\" alt=\"ET logo\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/06\/118783427.cms.png\" width=\"90%\"\/>Live Events<br \/>Negotiations have been turbulent: a planned U.S. delegation visit to New Delhi in August was cancelled after India resisted pressure to open its farm and dairy markets, while Washington last month doubled tariffs on Indian imports to 50%. Earlier this month, however, White House negotiator Brendan Lynch travelled to New Delhi, signalling attempts to get talks back on track.H1-B visa hike &#8216;out of the blue&#8217;Dimon also hit out at U.S. President Donald Trump\u2019s sudden move to impose a one-time $100,000 fee on H-1B visas, describing it as \u201cout of the blue\u201d and cautioning that such policies disrupt the movement of skilled professionals across global markets. The U.S. issues about 85,000 H-1B visas annually, a majority going to Indian IT professionals with Indian nationals consistently being the largest single group of new H-1B visa recipients. JPMorgan was among the top 10 corporate sponsors of H-1B visas in 2024, according to U.S. data.<\/p>\n<p>\u201cIt came out of the blue. We\u2019ll be engaging with stakeholders and policymakers. For us, visas matter because we move people around globally \u2014 experts who get promoted to new jobs in different markets,\u201d he said in an interview with TOI. <\/p>\n<p>He underlined the importance of immigration to the American economy: \u201cMy grandparents were Greek immigrants who never finished high school. America is an immigrant nation, and that\u2019s part of its core strength.\u201d<\/p>\n<p>JPMorgan CEO opens up on India growth storyDimon, who has been visiting India for two decades, said he remained upbeat about the country\u2019s growth prospects. \u201cI\u2019m very optimistic about its future. The economy has been growing at 6%, and that could and should continue for 20 years,\u201d he said. At the same time, he cautioned that India\u2019s progress depends on the stability of the global system: \u201cThe bigger caveat is the world order: India has benefited from a peaceful global system, even as you face your own local challenges.\u201d<\/p>\n<p>He praised recent reforms pushed through by Prime Minister Narendra Modi. \u201cI think the reforms here are excellent, and the fact that your Prime Minister was able to get them done shows strong leadership. He\u2019s been a successful Prime Minister,\u201d Dimon said.<\/p>\n<p>Looking ahead, Dimon voiced concern over the risk of a fragmented global order. His biggest worry, he said, is that \u201c30 years from now, we may read a book titled \u2018How the West Was Lost.\u2019 It could describe how, starting with Russia\u2019s invasion of Ukraine and terrorism in West Asia, Iran, Russia, North Korea \u2014 with some help from China \u2014 were able to dismantle the post-World War II order of law and stability.\u201d <\/p>\n<p>In such a scenario, he warned, \u201cthe world fragments into competing power blocs\u2026 and in that environment, the strongest nation \u2014 China \u2014 could leave others acting as its vassals.\u201d<\/p>\n<p>Add <img decoding=\"async\" alt=\"ET Logo\" src=\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/08\/123467569.cms.png\"\/> as a Reliable and Trusted News Source<\/p>\n","protected":false},"excerpt":{"rendered":"JPMorgan Chase CEO Jamie Dimon has said India and the United States are \u201cnatural friends\u201d and voiced confidence&hellip;\n","protected":false},"author":3,"featured_media":248185,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,79,131810,131809,33755,131807,131812,131813,131811,131808,131814,67,132,68,98411],"class_list":{"0":"post-248184","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-h-1b-visa-fee-increase","11":"tag-india-economic-growth","12":"tag-india-us-trade-deal","13":"tag-jamie-dimon-h-1b-visas","14":"tag-jamie-dimon-interview","15":"tag-jamie-dimon-on-india-growth","16":"tag-jamie-dimon-stocks","17":"tag-jpmorgan-chase-news","18":"tag-jpmorgan-on-h1-b-visa","19":"tag-united-states","20":"tag-unitedstates","21":"tag-us","22":"tag-us-india-relations"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115252101397862556","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/248184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=248184"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/248184\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/248185"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=248184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=248184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=248184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}