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AmCham EU is relieved to see the European Parliament and Member States reach an agreement on the tariff reduction proposals linked to the EU-US Framework Agreement. The co-legislators’ compromise is a critical step for businesses that rely on a stable transatlantic trade and investment relationship. 

The EU‑US commercial relationship is the largest in the world. It supports millions of European and American jobs and underpins deeply integrated value chains on both sides of the Atlantic. While AmCham EU opposes broad-based tariffs, given political priorities on both sides of the Atlantic, the EU-US Framework Agreement still provides the most realistic path to a workable and more constructive transatlantic trade and investment environment that helps businesses plan and grow in an increasingly volatile global context. The trilogue agreement is a sign that the EU is honouring its commitments under the deal.  

Member States and the European Parliament must now formally confirm this outcome at the earliest possible opportunity. Completing this process will allow the EU and the US to move beyond tariffs and advance the broader cooperation set out in the Joint Statement, including on critical supply chains, non‑market practices and economic security. 

From Monday, 27 to Wednesday, 29 April, AmCham EU travelled to Paris, France and the European Parliament in Strasbourg, France for a series of meetings on EU financial services policy developments. The delegation engaged with representatives from French and European financial authorities, Members of the European Parliament, Accredited Parliamentary Assistants and Group Policy Advisers, to share business perspectives on the EU’s financial services agenda. Discussions focused on how to improve Europe’s competitiveness, deepen capital markets and create the right conditions for innovation in digital finance. Members also highlighted the need for more coherent and interoperable rules that reduce complexity while encouraging long-term investment through risk-based regulation.

From Monday, 20 to Wednesday, 22 April, AmCham EU joined the AmChams in Europe network for a delegation visit to Washington, DC. As part of the programme, delegates met with representatives from the US Department of Commerce, the US Department of State, congressional offices and the US Chamber of Commerce. AmCham EU specifically also engaged with the Office of the United States Trade Representative, US Members of the House and staffers, the EU Delegation to the US, the European Parliament Liaison Office and other business organisations.

Discussions focused on the implementation of the EU-US Framework Agreement and its role in supporting a more predictable transatlantic trade and investment relationship. The deal remains the most realistic route to a more constructive climate for companies operating across the Atlantic. The EU-US strategic partnership on critical minerals points to the potential for further EU-US cooperation in areas that benefit businesses on both sides of the Atlantic.