In an emailed statement to CNBC, Dimon said, "I absolutely disagree with the Administration on this issue."
He added, "But we have a responsibility to engage our elected officials
Dimon is one of the CEOs to participate in White House councils and in his statement he did not indicate if he would remain in that post.
The president said he would start talks to re-enter the agreement, but with terms that he called a more "fair" deal to his country. His comment was rebuked by several European governments.
Last month, at JPMorgan's annual shareholder meeting, Dimon had urged the business community and the administration to work together to find meaningful solutions to critical issues confronting the U.S.
In response to a question on Trump's tighter immigration policy, Dimon had said, "He is the president of the United States. I believe he is the pilot flying our plane. I would try to help any president of the United States because I am a patriot."
— CNBC's Dawn Giel contributed to this report.