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: "It has become painfully clear that the United States has allowed itself to become too reliant on unreliable sources of critical minerals, products and manufacturing — all of which are essential for our national security," JPMorgan CEO Jamie Dimon said in a statement. • "America needs more speed

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