{"id":34061,"date":"2025-07-10T16:41:40","date_gmt":"2025-07-10T16:41:40","guid":{"rendered":"https:\/\/financialrush.com\/?p=34061"},"modified":"2025-07-10T16:41:40","modified_gmt":"2025-07-10T16:41:40","slug":"jamie-dimon-tells-europe-youre-losing","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=34061","title":{"rendered":"Jamie Dimon tells Europe: \u2018You\u2019re losing\u2019"},"content":{"rendered":"<p> \n<\/p>\n<div>\n<p>Unlock the White House Watch newsletter for free<\/p>\n<p class=\"article__content-sign-up-topic-description o3-type-body-base\">Your guide to what Trump\u2019s second term means for Washington, business and the world<\/p>\n<p><iframe class=\"article__content-sign-up-iframe close\" scrolling=\"no\" id=\"signUpIframe\" data-prev-url=\"\/register\/in-article-sign-up?ft-content-uuid=cccbe89e-449d-4428-8704-be98351b716c&amp;newsletter-id=65b8fec772badb00166eafc6\"><\/iframe><\/div>\n<div id=\"article-body\">\n<p>JPMorgan Chase chief executive <a href=\"https:\/\/www.ft.com\/stream\/b592d936-4966-4d20-ad60-203b6b0ab0ec\" data-trackable=\"link\">Jamie Dimon<\/a> warned European leaders they have a competitiveness problem and that they are currently \u201closing\u201d the battle to rival the US and China.\u00a0<\/p>\n<p>\u201cEurope has gone from 90 per cent US GDP to 65 per cent over 10 or 15 years. That\u2019s not good,\u201d Dimon said at an event in Dublin organised by the Irish foreign ministry. \u201cYou\u2019re losing.\u201d\u00a0<\/p>\n<p>The comments from Dimon, one of the most influential voices in global finance, underscores the challenges facing the European Union as it battles to invigorate its economy. <\/p>\n<p>The continent\u2019s former top central banker Mario Draghi last year <a href=\"https:\/\/www.ft.com\/content\/92f7aedd-67fa-488f-8559-7019b7c2e40a\" data-trackable=\"link\">demanded<\/a> a new industrial strategy for Europe with investments of \u20ac800bn a year to maintain competitiveness with the US and China.<\/p>\n<p>It is an even blunter message from Dimon than he made in his most recent annual shareholder meeting in April, where he said \u201cEurope has some serious issues to fix\u201d, and urged European nations to \u201csignificantly reform their economies so they can grow\u201d.\u00a0<\/p>\n<p>Dimon, who has run <a href=\"https:\/\/www.ft.com\/stream\/3de2fad0-44c8-492f-9b62-7e1374292a9e\" data-trackable=\"link\">JPMorgan<\/a> since 2006, also warned that financial markets had become too relaxed about Donald Trump\u2019s repeated threat of tariffs. <\/p>\n<p>Investors on Thursday <a href=\"https:\/\/www.ft.com\/content\/5af6b3eb-1508-4073-bf9c-b60066d0dfc9\" data-trackable=\"link\">brushed off the US president\u2019s latest threat<\/a> of a 50 per cent tariff on copper, 200 per cent tariffs on the pharmaceutical sector and levies on countries including Japan and South Korea.<\/p>\n<aside aria-labelledby=\"aside-label\" class=\"n-content-recommended--single-story n-content-recommended--inset\" data-component=\"recommended\">\n<p class=\"n-content-recommended__title o3-type-body-highlight\">Recommended<\/p>\n<div class=\"o-teaser o-teaser--video o-teaser--small o-teaser--stacked o-teaser--has-image js-teaser\" data-id=\"1315e028-8cbb-40fa-b9eb-4ba2df57edfc\">\n<div class=\"o-teaser__image-container js-teaser-image-container\"><a href=\"https:\/\/www.ft.com\/content\/1315e028-8cbb-40fa-b9eb-4ba2df57edfc\" data-trackable=\"image-link\" data-trackable-context-story-link=\"image-link\" tabindex=\"-1\" aria-hidden=\"true\"><\/p>\n<div class=\"o-teaser__image-placeholder\" style=\"aspect-ratio:1920\/1080\"><\/div>\n<p><\/a><\/div>\n<\/div>\n<\/aside>\n<p>\u201cUnfortunately, I think there is complacency in the market,\u201d Dimon said.\u00a0<\/p>\n<p>He said Trump had so far been correct in backing down from his biggest threats on tariffs, invoking the so-called Taco trade based on the premise that \u201cTrump always chickens out\u201d.\u00a0<\/p>\n<p>\u201cI hate to use the word \u2018Taco trade\u201d because I think he did the right thing to chicken out,\u201d Dimon said.<\/p>\n<\/div>\n\n<br \/><a href=\"https:\/\/www.ft.com\/content\/cccbe89e-449d-4428-8704-be98351b716c\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Unlock the White House Watch newsletter for free Your guide to what Trump\u2019s second term means for Washington,&hellip;\n","protected":false},"author":6,"featured_media":34062,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-34061","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/34061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34061"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/34061\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/34062"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}