JPMorganChase has announced it wil invest $1.5 trillion into 27 "critical industries" in America
JPMorgan announced a sweeping $1.5 trillion, decade-long investment initiative on Monday to strengthen sectors viewed as vital to the U.S. economy. The plan includes up to $10 billion in direct equity and venture capital investments and expands on the bank’s earlier $1 trillion domestic investment commitment. According to the company, the new funding aims to boost resilience across manufacturing, technology, and national security supply chains.
The timing of the announcement follows escalating U.S.–China trade tensions, after President Trump threatened to impose 100% tariffs on Chinese goods in retaliation for Beijing’s tighter controls on rare-earth exports. The move, one of the sharpest exchanges since the trade war began, has amplified calls in Washington and on Wall Street for greater economic self-reliance. JPMorgan’s initiative appears aligned with this broader push, though the firm insists the effort is based on long-term strategy rather than politics.
On a call with reporters, CEO Jamie Dimon emphasized that the program is “100% commercial, not philanthropy,” adding that the bank had not coordinated with the Trump administration. He said JPMorgan has always worked with government partners but that this plan is rooted in the firm’s assessment of U.S. industrial needs over the next decade. The initiative reflects what Dimon described as a deliberate, large-scale investment approach to secure growth in critical sectors.
The bank’s effort targets four key areas: advanced manufacturing and supply chains—including critical minerals, pharmaceuticals, and robotics; defense and aerospace technologies; energy independence and grid resilience, including battery storage; and frontier technologies such as artificial intelligence, cybersecurity, and quantum computing. JPMorgan said its support will take multiple forms—ranging from financing and advisory services to direct capital investment—as it aims to reinforce industries central to the nation’s economic and security infrastructure.