JPMorgan Chase CEO Jamie Dimon In a recent interview, he said that a small increase in inflation caused by the Trump administration's tariff plans would be useful in the service of national security concerns.

Dimon appeared CNBC's “Squawk Box” and that tariffs are an economic tool that can be used for a variety of reasons, and that while they may cause inflation, they are acceptable if they help the United States achieve its 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 why you use it and things like that,” Dimon said.

“People argue, is it inflation or not inflation? I would put it in perspective — a little bit of inflation is good for national security, so be it. I mean, get over it. National security is a little bit more. inflation,” he said.

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

Dimon said how the Trump administration could be use 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 to it. Can it be used to bring people to the table? Yes. Is there unfair trade? Yes. Are there government subsidies? Yes. Does the president go for it? Yes, use it that way and see what happens. we'll see,” Dimon said.

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

the president Donald Trump has campaigned for global tariffs of 10% to 20% on all imports, as well as tariffs as high as 60% on imports from China.

Although he did not impose the tariffs in his first two days in office, Trump told reporters at the White House on Tuesday 10% tariff to China will come into effect from the beginning of February.

“We're talking about a 10% tariff on China based on what they send fentanyl to Mexico and Canada,” Trump said. “Probably February 1 is the date we're looking at.”

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President Trump has said he plans to impose 10% tariffs on China. (via Kenny Holston/The New York Times/AFP/Getty Images)

Trump also signed an executive order called “America First Trade Policy” after taking office on Monday, ordering the Commerce and Treasury Departments to examine the causes and risks of annual trade deficits and make recommendations on measures, such as tariffs, to address trade deficits.

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

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Trump intends to collect ERS tariff revenue from foreign sources, but economic experts based in the United States importers pay the tariffs when their imported goods enter the country. These tariffs are currently collected by US Customs and Border Protection, a sub-agency of DHS.

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