JPMorgan unveils $1.5T domestic investment plan

JPMorgan announced plans on Monday to invest $1.5 trillion over the next decade to strengthen key US industries, including energy, manufacturing, defense, and advanced technologies.

The initiative includes up to $10 billion in direct equity and venture investments, expanding on the bank’s earlier $1 trillion domestic plan.

CEO Jamie Dimon emphasized that the move is driven by business strategy, not politics, saying, “This is not philanthropy. This is 100% commercial.” The bank has not discussed the plan with the Trump administration.

The investment follows President Donald Trump’s threat to impose 100% tariffs on Chinese goods after Beijing expanded rare earth export controls. JPMorgan’s plan mirrors the administration’s broader push to bolster domestic manufacturing and energy independence.

Major firms, including Apple, Nvidia, and Micron, have announced similar multi-billion-dollar investments this year, signaling a private-sector rally behind American industry revival.