JPMorgan announces $1.5 trillion U.S. investment initiative

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 and investment. It also needs to remove obstacles that stand in the way: excessive regulations, bureaucratic delay, partisan gridlock and an education system not aligned to the skills we need," Dimon added.Zoom in: The company is building on a $1 trillion domestic initiative that was already in place, adding $500 billion and a focus on four key areas:Supply chain and advanced manufacturing, including minerals, pharma and robotics.Defense and aerospace technology.Energy independence and resilience, from the grid to battery storage.Frontier and strategic technologies, like AI, cybersecurity and quantum.Between the lines: These initiatives rhyme with the Trump administration's goals to buoy domestic manufacturing.Zoom out: Some of the country's biggest companies — ranging from Nvidia to Apple — have announced investment initiatives this year that echo Trump's push to boost domestic manufacturing.Apple CEO Tim Cook announced plans to invest up to $600 billion as part of its American Manufacturing Program.Micron announced a $200 billion investment to boost domestic chip production.Nvidia CEO Jensen Huang said the chip giant plans to invest "billions" in the U.S. over the next four years.Follow the money: The exact details on how JPMorgan is financing the $1.5 trillion are unclear.JPM said in a statement that its support of firms within these sectors could range from "advice ... financing, and, in some cases, investing capital."