Exclusive: Trump's former commerce secretary says an overconfident White House may push trade allies like the EU too far.

The article discusses concerns raised by Wilbur Ross, former U.S. Commerce Secretary, regarding the potential pitfalls of American trade negotiations under the Trump administration. Ross warns that overconfidence in negotiating power could lead to unrealistic demands from U.S. negotiators, particularly with complex partners like the European Union, which may hinder progress and push allies toward rivals. He acknowledges the administration's achievements in trade talks with countries like the U.K. and China but emphasizes the need for caution to avoid overplaying their hand. Jamie Dimon, CEO of JPMorgan Chase, echoes these concerns, highlighting the importance of maintaining strong relationships with European nations to prevent economic fragmentation that could benefit adversaries like China and Russia. [Extracted from the article]