Jamie Dimon, CEO of JP Morgan Chase, at the Pennsylvania Defense and Innovation Summit at the US Army War College in Carlisle, Pennsylvania, on July 15, 2026. <\/p>\n
Saul Loeb | Afp | Getty Images<\/p>\n
JPMorgan Chase<\/a> boss Jamie Dimon is pitching his vision for the Western world’s future \u2014 and it hinges on Europe rebooting its sluggish economy<\/a> and strengthening its defense capabilities. <\/p>\n “I believe the U.S. should offer Europe a major inducement: If it executes meaningful economic and military reforms, including everything that we consider crucial for security and resiliency, the U.S. will negotiate one big, beautiful economic and free-trade agreement with Europe,” Dimon<\/a> wrote in an opinion piece in The Wall Street Journal published Monday<\/a>. <\/p>\n “Many of the current disputes between Europe and the U.S. are minor compared with this agreement’s size and benefits. This pact could be extended to friendly democracies including Canada, Mexico, Japan, South Korea, Australia and the Philippines,” Dimon said. <\/p>\n Seamless trade ties would be a “game changer” for the U.S. and its allies, allowing them to “set the global rules on trade” and binding them together “in the face of autocratic pressure,” he added.<\/p>\n The free trade approach advocated by Dimon stands in contrast to the more protectionist policies currently pursued by the Trump administration. <\/p>\n Read more CNBC politics and policy coverage<\/p>\n Washington’s relationship with some of its biggest trade partners, including the European Union<\/a> and Canada<\/a>, have soured amid President Donald Trump<\/a>‘s rollout of tariffs and combative negotiating tactics. <\/p>\n Dimon’s Journal op-ed singled out the European Union’s need to complete its long-awaited Capital Markets Union<\/a> and Banking Union in order to boost its competitiveness; fulfilling the recommendations of the Draghi report<\/a>; and ensuring the bloc’s defense, manufacturing and energy independence. <\/p>\n “A Europe that can mobilize capital, scale innovative companies, consolidate defense production, reduce strategic dependencies and generate stronger growth would be a more capable security partner, a more resilient economic partner and a stronger counterweight to Beijing’s economic power,” he said.<\/p>\n