EU-US: further escalation would threaten economy, security
News
19 Jan 2026
Trade tensions, Transatlantic

The American Chamber of Commerce to the EU (AmCham EU) is concerned about recent developments that may fundamentally undermine the EU-US Framework Agreement and lead to tit-for-tat measures that will hurt American and European companies. If the dispute escalates, it could quickly spread across large parts of the economy, with far-reaching knock-on effects. It would cause severe damage to economic welfare and security on both sides. A negotiated outcome must urgently be found.

The rules-based international system brings certainty and stability to business relations around the world to the benefit of all companies operating across borders. When the time is right, both sides should seek to return to the spirit of the EU-US Framework Agreement, as the best available way to safeguard the EUR 8.7 trillion transatlantic economy.

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Today the European Parliament adopted its negotiating position on proposals to reduce tariffs on certain imports from the United States, in line with the July 2025 EU-US Framework Agreement. The Parliament’s vote clears the way for trilogues to finalise these proposals.

Reacting to the vote, Malte Lohan, CEO, AmCham EU, welcomed the Parliament’s decision as a necessary step towards a more predictable transatlantic marketplace: ‘The Parliament today has taken a decision that helps put the EU-US trade and investment relationship back on track. It is the right signal for businesses that have been stuck in limbo over the past year.’

‘AmCham EU opposes broad-based tariffs. However, given political priorities on both sides of the Atlantic, we still see the Framework Agreement as the most realistic route to securing a more constructive EU-US trade and investment climate’, Mr Lohan added. ‘We call on the Parliament and Member States to conclude trilogues swiftly. Once the tariff reductions are approved, the EU and the US can get back to advancing the cooperation the Framework Agreement envisages on a range of areas that benefit European and American businesses alike. We look to both sides to continue honouring their commitments throughout this process.’ 

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The group met with Jakob Wegener Friis, Chief Economic Advisor to the President of the European Council; Didrik de Schaetzen, Secretary General, ALDE Party, European Parliament; Klaus Welle, Special Advisor to the Commissioner for Defense and Space and Chairman, Academic Council, Wilfried Martens Centre for European Studies and Fabian Zuleeg, Chief Executive and Chief Economist, European Policy Centre. 

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