CEO of JPMorgan Chase Jamie Dimon said in a new interview that a small increase in inflation caused by the Trump administration’s tariff plans would be worth it in serving national security concerns.

Dimon appeared CNBC’s “Squawk Box.” and these tariffs are an economic tool that can be used for a variety of reasons and that, while they might cause inflation, this would be acceptable if it helped the US meet national security goals.

“I look at tariffs, they’re an economic tool, that’s it. They’re an economic weapon, it depends on how you use it and what you use it for and things like that,” Dimon said.

“People are arguing, is it inflationary, is it not inflationary? I would put it in perspective, if it’s a little bit inflationary, but it’s good for national security, so be it. I mean, get over it. National security trumps a little bit. a little more inflation,” he said.

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JPMorgan Chase CEO Jamie Dimon said inflation caused by tariffs that increase national security would be acceptable. (Aaron Schwartz/Xinhua via Getty Images)

Dimon went on to say that just as the Trump administration could use the rates pursuing more favorable terms of trade or addressing national security issues is a more important question than whether they will cause inflation.

“But I think really, the question is how do they get used. Can they be used to bring people to the table? Yes. Is there unfair trade? Yes. Are there subsidies from the State? Yes. The president is going to use it so does his team, yeah, and we’ll see, but how it plays out, we’ll find out,” Dimon said.

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President Trump campaigned on sweeping tariff plans. (Bill Pugliano/Getty Images)

president donald trump campaigned to impose a blanket tariff of 10% to 20% on all imported goods, as well as higher tariffs of up to 60% on goods imported from China.

Although he did not implement such tariffs during his first two days in office, Trump told reporters at the White House on Tuesday that he plans to start with a 10% tariff in China which will come into force at the beginning of February.

“We’re talking about a 10 percent tariff on China, based on the fact that they’re sending fentanyl to Mexico and Canada,” Trump said. “Feb. 1 is probably the date we’re looking at.”

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President Trump said he plans to start with a 10 percent tariff on China. (Kenny Holston/The New York Times/AFP via/Getty Images)

Trump also signed an executive order after taking office on Monday titled “America First Trade Policy” that directed the Commerce and Treasury departments to investigate the causes of annual trade deficits and the risks they pose and make recommendations on actions such as tariffs to remedy trade deficits.

The order also instructed these agencies along with the Department of Homeland Security (DHS) to design and implement Trump’s “External Revenue Service (ERS) to collect tariffs, duties and other revenues related to foreign trade.”

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Trump intends for the ERS to collect tariff revenue from foreign sources, but economic experts have rejected that goal, noting that the U.S. importers pay tariffs when their imported goods enter the country. These fees are currently collected by US Customs and Border Protection, a sub-agency of DHS.

Fox News Digital’s Greg Norman contributed to this report.