JPMorgan CEO: "Stupid" trade barriers between the US and Europe should be fixed; US stocks have not reflected Middle East risks.

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JPMorgan Chase CEO Jamie Dimon has warned that there are "stupid" trade issues between the US and Europe, and if they can be resolved, it would create better growth conditions for both economies.

In an interview during JPMorgan's annual Global Markets Conference held in Paris on Tuesday, Dimon said, the US's goal should be to have a stronger Europe, and both economies would benefit from this. He believes that some of the current trade barriers between the US and Europe are "stupid" issues and should be fixed.

He stated bluntly: "Solving these issues would improve the economic conditions of all citizens, not just benefit big corporations."

This is not Dimon's first warning about Europe. In December last year, he openly said that Europe was facing a "real predicament." In his comments on Tuesday, he further pointed out that a stronger NATO and alliance system would directly benefit the US itself, and improved trade relations are one of the key measures to achieve this goal.

On the geopolitical front, Dimon expressed deep concern about developments in the Middle East. He described the conflict in the region as a "major event" and warned that the situation is worsening every day. He believes Iran has long been a regional threat and actively promotes proxy wars there, and that the Western world should have taken action earlier, directly targeting the "head of the snake."

Meanwhile, Dimon again pointed out that the current record-setting US stock market does not reflect the actual risks, in keeping with his consistently cautious stance.

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