The draw between President Donald Trump and JPMorgan Chase CEO Jamie Dimon about their intelligence levels marks a new low in what has been a relentless relationship.

Although they currently disagree, less than two years ago, Trump's advisers reportedly named Dimon as a potential candidate in the presidential cabinet.

Last year, Dimon supported Trump and faced JPMorgan shareholders who asked him if he would resign from a White House corporate advisory board.

Here are the highlights of the common history of New York business titans:

Beat Trump?

Dimon sparked the most recent crisis of the relationship at an event Wednesday at JPMorgan's headquarters in New York stating, "I think I could beat Trump."

Why?

"Because I'm as tough as it is, I'm smarter than it is," said Dimon. "I'm fine, he could hit me whatever he wants, it would not work with me, I would fight right away."

But Dimon, a 62-year-old career banker who successfully underwent throat cancer treatment in 2014, quickly returned to his position.

"I should not have said it, I do not run for president," said Dimon, adding that his unexpected remarks proved "I would not be a good politician … together to help solve big problems. "

Too late.

Trump strikes back

Trump mocked Dimon via Twitter on Thursday morning, while at the White House, preparations to monitor Hurricane Florence, as the massive storm approached the Atlantic coast of North Carolina and from South Carolina.

Trump, 72, said Dimon "does not have the ability or the wit" to run for president and is a bad public speaker, as well as a "nervous mess".

A few days after Trump's victory at the White House in beating former Secretary of State Hillary Clinton in November 2016, the elected president's advisers suggested that Dimon could be appointed treasury secretary, CNBC reported.

Dimon said that he was not interested in this work. Trump's trump candidate turned out to be Steven Mnuchin, former investment banker for Goldman Sachs, hedge fund manager and film producer, who was the finance chairman of the victorious presidential campaign.

Cordial start

Nevertheless, Dimon and Trump maintained relatively cordial relations until the end of the week. The former real estate developer and reality TV star turned president even named the bank's CEO to a corporate advisory board.

In May 2017, Dimon told investors at JPMorgan's annual shareholder meeting that he would not resign despite growing criticism of the White House administration.

"He is the president of the United States," said Dimon at the session at the JPMorgan Technology Center in Wilmington, Del. "I believe that he is the pilot of our plane.We try to help any president of the United States because I am a patriot.We do not do it – that does not mean not that we agree with all the policies that the administration proposes.

This last comment has proved judicious.

Charlottesville

Trump sparked national criticism in August 2017 when he hinted that leftist groups had been as violent as white supremacists who had staged a protest in Charlottesville, Virginia. A flood of CEOs has voiced opposition by resigning from a presidential advisory council. The panel was finally dissolved, Trump saying that he had ordered the breakup.

Dimon's response to the controversy has been carefully measured. Instead of joining the angry resignations, he made his point of view known through a memo to JPMorgan employees that soon became public.

"I do not agree at all with President Trump's reaction to events in Charlottesville in recent days, racism, intolerance and violence are always wrong," Dimon writes in a note to employees of JPMorgan.

Dimon's memo also said members of Trump's strategic and political forum had "agreed to dissolve," a decision he backed.

In his annual letter to JPMorgan's shareholders in April 2018, Dimon praised Trump's federal tax reform and came into effect this year. The package reduced corporate taxes, allowing them to finance share buybacks and dividends.

"The real benefit of tax reform will be the cumulative long-term effect of capital retained and reinvested in the US, which means more business, innovation and jobs will stay in this country," he said. Dimon writes.

Referring to Trump's recent efforts to remove or rewrite trade agreements with other countries because the agreements were against the United States, Dimon wrote: "It is not unreasonable for the United States to equate .

Despite all their differences, Trump and Dimon have at least some similarities.

Both are billionaires

Trump currently ranks 24th on the list of Forbes' 400 richest Americans, with an estimated net worth of $ 3.1 billion. Dimon's current net worth is estimated at $ 1.4 billion, which is below the level needed to establish the Forbes 400 list.

Both went to major business schools

Prior to joining the real estate business founded by his father, Trump graduated from the Wharton School at the University of Pennsylvania, a highly selective training program. Dimon graduated from Harvard Business School, where he was named Baker Scholar, an award for the best students.

Will Trump and Dimon repair their relationship? Will they still face each other? To be continued.

Follow USA TODAY Reporter Kevin McCoy on Twitter: @kmccoynyc

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