Trump receives praise from Jamie Dimon while MAGA criticism could negatively impact Biden.

• JPMorgan Chase CEO Jamie Dimon commended former President Donald Trump's views on the economy, taxes, and immigration.
• Dimon advised Democrats to show more respect to Trump's supporters to avoid harming President Biden's reelection chances.
• Nikki Haley, a former United Nations Ambassador, had previously received praise from Dimon, one of Trump's GOP primary challengers.

On Wednesday, CEO Jamie Dimon commended former President Donald Trump's achievements and advised Democrats to treat Trump's supporters with more respect, otherwise it could harm President Joe Biden's reelection chances.

Dimon advised the Democrats to exercise caution when discussing Trump's supporters, using the acronym "MAGA," on CNBC's "Squawk Box."

Biden has stated that Trump and "MAGA Republicans" pose a threat to American democracy, but he has attempted to differentiate between Trump's most ardent supporters and "mainstream Republicans," who he claims make up the majority of the party.

Dimon stated at the World Economic Forum annual meeting in Davos, Switzerland that he believes the negative discussions surrounding MAGA will harm Biden's election campaign.

Trump's supporters should not be linked to his personality and character by using the phrase "MAGA" incorrectly, according to Dimon.

According to Dimon, Democrats are essentially accusing Republicans of being like Trump, and he believes that they are not voting for Trump due to his family values.

Two days after the former president won the Iowa caucuses, Dimon, who has previously donated to Democratic candidates but described himself as "barely a Democrat," made remarks.

In November, Dimon praised Nikki Haley, who finished third in Iowa on Monday.

Dimon also gave Trump credit for his policy record.

Be honest, take a step back. He was partially right about NATO and immigration. He successfully grew the economy. Trade tax reform was successful. He was partially right about China.

Dimon stated that he was correct about certain crucial matters, which led to his election.

Dimon stated that he would be ready for either candidate and that they would handle both options.

He added, "I hope whoever it is will show respect for others."