The report appears after Donald Trump imposed tariffs on steel and aluminum and Europe promised reprisals. International trade, in suspense.
He Tariff conflict between the United States and Europe Transatlantic businesses are endangered worth $ 9.5 billion per year, the United States Chamber of Commerce (AMCHAM) was warned on Monday before the EU.
Amcham EU, whose more than 160 members include Apple, Exxonmobil and Visa, It shows in its annual report on the transatlantic economy an increasingly deep relationship that reached records in 2024, as a trade of goods and services of two billion dollars. He speaks of 2025 as a year of promises and dangers for the greatest commercial relationship in the world.
In the last week, Washington imposed tariffs on steel and aluminum, The EU established reprisal plans and President Donald Trump threatened to impose 200% tariffs on wine and EU alcoholic beverages.
Trump.jpg markets
Scope
Trump threatened to impose tariffs on Europe: what is the impact, according to Amcham
Trump lashed out at the United States trade deficit with the EU, although in services there are American surplus, and urged manufacturers to produce in the US. Amcham said that trade is only part of transatlantic commercial activity and that true reference was investment.
“Contrary to what is usually thought, most American and European investments are directed to each other and not to emerging markets with lower costs,” he said.
The sales of foreign subsidiaries in the United States are four times higher than US exports to Europe and sales of European subsidiaries in the US are three times higher than European exports. Amcham warned that the effects Dominoes from commercial conflict could damage these close ties.
Source: Ambito
