U.S. officials, business leaders urge Europe to cure ‘Eurosclerosis'

• NEC Director Kevin Hassett warns 'Eurosclerosis' (long-term stagflation in Europe) is a global threat, emphasizing the U.S. interest in a strong Europe.
• JPMorgan Chase CEO Jamie Dimon advocates for a comprehensive U.S.-Europe economic and free-trade deal, requiring Europe to reboot its economy and boost defense.
• Ford CEO Jim Farley notes European automakers are losing significant market share to Chinese competitors, suggesting the U.S. should learn from Europe's 'mistakes'.

U.S. officials and business leaders are urging Europe to address its economic challenges, dubbed 'Eurosclerosis,' and strengthen its economy and defense. JPMorgan Chase CEO Jamie Dimon proposes a 'big, beautiful economic and free-trade agreement' between the U.S. and Europe, contingent on Europe's reforms. The discussion also highlights European automakers' struggles against Chinese competition and the complexities of achieving seamless trade.