- Trump’s former Commerce Secretary, Wilbur Ross, warns that while the U.S. has achieved notable progress in trade negotiations, overconfidence could lead American negotiators to push too hard for concessions foreign governments cannot make. He is particularly concerned that “chesty” tactics with complex partners like the European Union could stall agreements—something Jamie Dimon has warned could ultimately strengthen America’s rivals.
As the world’s largest economy, America can be fairly confident in its negotiating power with trading partners. However, the Trump administration cannot overplay its hand as it may result in allies being pushed into the arms of rivals, according to experts like former Commerce Secretary Wilbur Ross and JPMorgan Chase CEO Jamie Dimon.
