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A Globalist Comeback?
Reporting by Paul Krugman BlogRead the original at paulkrugman.substack.com
Executive Summary
Facts Only
* Jamie Dimon, CEO of JPMorgan Chase, published an article in the Wall Street Journal on September 28th.
* Dimon proposed repairing the Western alliance and bringing the Western world above the United States and Europe together against the threat of rising China.
* The proposal included negotiating a free trade agreement between the United States and the European Union.
* Dimon argued that this approach was contrary to current MAGA political positions regarding free trade and international agreements.
* Dimon referenced the Draghi report on European Competitiveness as an incentive for Europe to pursue pro-business reforms.
* The author noted that obstacles to European reform are largely internal.
* Europe exports only about 3% of its production to the US.
* The US and Europe had tariffs on European products averaging around 2% prior to recent shifts.
Full Take
From the original · Paul Krugman Blog
Transcript On September 28th Jamie Dimon, CEO of JPMorgan Chase, one of the most prominent, most successful financial figures in the United States, published an article in the Wall Street Journal titled, “The Hell with Trump, Let’s Go Back to Globalism.” Okay, that’s a lie.Read the full story at paulkrugman.substack.com
Sentinel — Human
LIKELY_HUMAN (confidence: 0.35)
