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Sarah Holzmann

Jamie Dimon Proposes Sweeping US-Europe Free Trade Deal — But Only If Europe Fixes Its Capital Markets First

Jamie Dimon Europe United States JPMorgan JPM Draghi

Jamie Dimon, the longtime chief executive of JPMorgan Chase (JPM), published a sweeping proposal on September 29, 2026, in the Wall Street Journal for a comprehensive US-Europe free trade agreement — one that conditions American market access on Europe completing deep structural reforms to its capital markets, banking system, and defense infrastructure.

The proposal represents a striking counterpoint to the Trump administration's protectionist tariff strategy, effectively reframing trade liberalization not as a concession but as a strategic lever to force allied nations into becoming more competitive and militarily credible partners.

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