1107 GMT - Jamie Dimon warns that fraying military and economic alliances in the Western world would lead to a weaker U.S. over time. "Keeping our alliances together, both militarily and economically, is essential," he says in annual shareholder letter. "The opposite is precisely what our adversaries want." He says fragmentation in Europe would create a landscape much like the one right before World War II, with each nation needing to seek out its own relationships. This could result in closer ties to countries like Russian and Iran for energy and China for trade, essentially creating vassal states. "Economics is the longtime glue and America First is fine, as long as it doesn't end up being America alone." (paul.ziobro@wsj.com)
(END) Dow Jones Newswires
April 07, 2025 07:07 ET (11:07 GMT)
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