JPMorgan Chase CEO Pushes for US-Europe Trade Pact to Counter China

JPMorgan Chase CEO Jamie Dimon has proposed a new US-Europe free trade pact that includes allied democracies as a counterweight to China. According to Dimon, closer economic ties between the US and Europe could reinforce Western alliances.

The bank is a lead private partner in the Michigan LIFT initiative with Ford and public entities, focusing on US manufacturing competitiveness, supply chain resilience, and critical technology commercialization.

JPMorgan Chase's involvement in Michigan LIFT and Dimon's trade push suggest that the bank is leaning into cross-border advisory work, industrial financing, and geopolitical relationships as core profit engines.