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EU-US trade dispute: continued pause prevents further escalation
The confirmation of the 9 July deadline for EU-US trade negotiations, following a call between President Trump and President von der Leyen, prevents further escalation of trade tensions. The continued talks give room for the EU and the US to reach a deal.
Over the coming weeks, the two sides do not need to arrive at a deal that is the final word on transatlantic trade. Instead, the goal for the EU and the US should be resolving current concerns and establishing a predictable trading arrangement that can be built upon in the future. AmCham EU supports the following three mutually beneficial areas that could form part of the ongoing negotiations:
- Goods purchases: Expanding EU imports of US LNG and defence equipment through long-term supply agreements.
- Unfair trading practices: Aligning approaches to unfair trading practices, overdependencies and overcapacity for greater impact.
- Non-tariff barriers: Removing regulatory barriers for business and creating new market opportunities, including through ongoing EU simplification work (Omnibus on sustainability reporting, customs, digital, etc).
AmCham EU continues to oppose broad-based tariffs that would significantly harm businesses and consumers on both sides of the Atlantic and supports achieving mutually beneficial outcomes.