Jamie Dimon has a plan to revive the West: A 'big, beautiful' deal with Europe

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. Saul Loeb | Afp | Getty ImagesJPMorgan Chase boss Jamie Dimon is pitching his vision for the Western world's future — and it hinges on Europe rebooting its sluggish economy and strengthening its defense capabilities. "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 wrote in an opinion piece in the Wall Street Journal published on Monday. "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. 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.The ...