JPMorgan Chase CEO Jamie Dimon is outlining his vision for the future of the Western world – a vision that depends on Europe reviving its sluggish economy and strengthening its own defense capabilities.

In an opinion piece published in The Wall Street Journal on Monday, Damon wrote: "I believe the United States should offer Europe a significant incentive: if Europe implements meaningful economic and military reforms, including all those measures that we consider crucial for security and resilience, the U.S. will negotiate with Europe to reach a grand and beautiful economic and free trade agreement."

Damon stated, "Compared to the scale and benefits of this agreement, many of the current disputes between Europe and the United States are merely minor issues. This agreement can also be extended to friendly democratic countries, including Canada, Mexico, Japan, South Korea, Australia, and the Philippines."

He added that smooth and seamless trade ties will become a "game-changer" for the United States and its allies, enabling them to "set global trade rules" and binding them more closely together "in the face of authoritarian pressures."

The path of free trade advocated by Damon contrasts with the more protectionist policies currently pursued by the Trump administration.

As U.S. President Donald Trump introduced tariff measures and adopted a tough negotiating strategy, relations between Washington and some of its largest trade partners, including the European Union and Canada, have deteriorated.

In this commentary for The Wall Street Journal, Damon specifically mentioned that the EU needs to finalize the long-awaited Capital Markets Union and Banking Union in order to enhance competitiveness; implement the recommendations contained in Draghi's report; and ensure the region's independence in defense, manufacturing, and energy sectors.

He said, "A Europe that is able to mobilize capital, expand the scale of innovative enterprises, integrate defense production, reduce strategic dependence, and achieve stronger growth will become a more capable security partner, a more resilient economic partner, and a more effective counterweight to Beijing's economic strength."

This is not the first time that this banking executive has criticized Europe for lacking globally significant companies, weak economic growth, and a lack of sovereignty in key areas. Last year, at an event in Ireland, he told European business and political leaders that compared to the United States and Asia, "you are losing the competition."

Damon also wrote this week that the United States must take measures to ensure it continues to maintain its status as a leading military and economic power in the world, and to revive the 'American Dream and American values, which are weakening for too many of our fellow citizens.'

He said, "If the United States recommitts itself to American values and alliance relations, while Europe advances bold reforms, this will constitute a home run on both the geopolitical and economic fronts and ensure the strength of the Western world for the next 250 years."