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In today’s FirstFT Asia newsletter, JPMorgan CEO Jamie Dimon criticized Europe’s declining competitiveness against the US and China, warning of market complacency regarding Trump’s tariff threats. Additionally, Fast Retailing benefits from changing consumer habits due to heatwaves, while the Pentagon invests in a US rare earths producer amid a trade war with China.
Explain It To Me Like I’m 5: JPMorgan’s boss, Jamie Dimon, warns that Europe is falling behind the US and China in business competitiveness, while also expressing concerns about market complacency regarding potential tariffs from President Trump.
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