JPMorgan announced Monday that it's planning a $1.5 trillion investment initiative aimed at bolstering sectors critical to the U.S. economy over the next decade, including up to $10 billion in direct equity and venture investments.

Why it matters: The announcement comes on the heels of President Trump's threat to impose 100% tariffs on Chinese goods in response to Beijing's expansion of rare earth export controls — one of the most heated exchanges since the trade war began.

What they're saying: On a call with reporters, JPMorgan CEO Jamie Dimon made it clear this investment is about strategy, not a move to curry political favor with the administration. • "We've always worked with the government. That's always been true my whole life, my own career," Dimon said. • "This is not philant

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