AmCham EU backs EU’s measured response

As is known, U.S. President Donald Trump’s plan to implement a 30% import tariff on EU goods starting August 1 has triggered a new wave of tension in transatlantic trade. In response, the European Commission has decided to temporarily suspend its proposed retaliatory measures worth €21 billion.

In a public statement, AmCham EU noted: “The transatlantic economic relationship – worth €8.7 trillion – remains the most integrated in the world. Despite political tensions, the EU and the US share more priorities than differences. A permanent solution to transatlantic trade is needed to ensure long-term predictability for American and European companies.”

The chamber also emphasized the importance of an open, rules-based, and predictable trading environment for both the European and U.S. economies. It further warned that using trade as a tool of political pressure could undermine long-term economic stability.