WASHINGTON, April 7 (Reuters) - The heads of the largest
U.S. banks met with Commerce Secretary Howard Lutnick last week
to discuss President Donald Trump's tariff plans a day after
they were announced.
CEOs from the nation's largest banks met with Lutnick in
Washington on Thursday as part of a meeting hosted by the
Financial Services Forum, an industry lobbying group. Lutnick
discussed the administration's strategy toward tariffs and CEOs
asked questions, according to two sources familiar with the
meeting.
A spokesperson for the Forum confirmed the meeting, saying
the executives "meet regularly with policymakers to discuss a
range of issues, including the strength and resiliency of the
nation's largest banks, and the need for appropriate policy and
regulation to support economic growth and job creation."
An administration official confirmed the meeting. A
spokesperson for the Commerce Department did not immediately
respond to a request for comment.
Lutnick's meeting with the group, which includes CEOs
from the nation's eight largest banks, lasted about a half hour,
one source said. It came one day after Trump announced sweeping
tariffs across the globe, setting off a chaotic selloff on Wall
Street.
JPMorgan Chase ( JPM ) CEO Jamie Dimon, who attended the
meeting, warned in his annual letter to shareholders Monday that
tariffs could have lasting negative consequences.