"Economic weakening of the world's democracies or a fragmentation of their economic bonds could lead to truly adverse consequences. This is precisely what some of our adversaries and many autocratic nations want it is their stated objective."
"They would like to see all of our allies far less dependent on the United States and therefore far more dependent on them. In this scenario, many countries would be compelled to seek deeper economic bonds with some possible bad actors."
Jamie Dimon, CEO of JP Morgan Chase, urged the White House to bolster economic ties with allies to prevent negative global repercussions. He emphasized that weakening democracies and their economic connections could benefit adversaries. Dimon criticized the current administration's approach, particularly in light of rising energy prices due to ongoing Middle East conflicts. He warned that prolonged instability could lead to countries becoming dependent on autocratic nations, undermining their sovereignty and increasing coercion. Dimon's relationship with the Trump administration has soured, reflecting broader tensions in U.S. foreign policy.
Read at www.theguardian.com
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