Dimon Urges US-Europe Free-Trade Pact for 250 Years of Western Strength
Updated
Updated · CNBC · Sep 29
Dimon Urges US-Europe Free-Trade Pact for 250 Years of Western Strength
2 articles · Updated · CNBC · Sep 29
Summary
Jamie Dimon called for one sweeping U.S.-Europe free-trade deal, arguing Washington should offer it if Europe delivers major economic and military reforms.
In a Wall Street Journal op-ed, he said the pact would let allies set global trade rules, deepen resilience and bind democracies together against autocratic pressure.
Dimon tied the proposal to specific European fixes: completing Capital Markets Union and Banking Union, following the Draghi report, and building defense, manufacturing and energy independence.
The plan cuts against the Trump administration's tariff-heavy approach, which has strained ties with the EU and Canada through combative trade negotiations.
He said the agreement could later expand to democracies including Canada, Mexico, Japan, South Korea, Australia and the Philippines, creating a broader Western economic bloc.