Transatlantic 2025: in review
News
18 Mar 2025
Transatlantic
Transatlantic 2025: in review

This year’s Transatlantic Conference put the spotlight on how the EU and US can strengthen their partnership amid rising global uncertainty. Taking place on Tuesday, 18 March, the event brought together industry leaders, policymakers and experts from both sides of the Atlantic to discuss the key challenges shaping transatlantic relations. From trade and investment to emerging technologies and defence cooperation. While the waters may be choppy, the discussions made one the clear - the need for continued transatlantic alignment to maintain competitiveness and security in an increasingly fragmented world. 

The event opened with Liam Benham (Boeing), Chair, AmCham EU and Malte Lohan, CEO, AmCham EU, setting the stage for a critical discussion on how the EU and US can reinforce their partnership in a rapidly evolving geopolitical landscape. They emphasised the need for renewed transatlantic engagement to navigate economic, technological and security challenges. 

The conference continued with the presentation of The Transatlantic Economy Report 2025 by Daniel Hamilton, Senior Fellow, Foreign Policy Institute, SAIS, Johns Hopkins University, and Joseph Quinlan, Senior Fellow, Transatlantic Leadership Network. The report underscored the enduring strength of EU-US trade and investment ties, while highlighting the need for continued cooperation to address economic pressures and geopolitical challenges. Thibaut L’Ortye, Senior Director, Public Affairs, AmCham EU moderated the session.

In the first panel, Marjorie Chorlins, Senior Vice-President, European Affairs, US Chamber of Commerce; Leopoldo Rubinacci, Deputy Director-General, Directorate-General for Trade, European Commission and Luisa Santos, Deputy Director General, BusinessEurope, tackled the fractures in the EU-US economic relationship and explored ways to restore trust and cooperation. They emphasised the resilience of the transatlantic relationship, highlighting how political shifts are disrupting economic cooperation and underlining the mutual benefits of fostering a stable investment climate. The discussion was moderated by Aylin Lusi (UPS), Chair, Operations Group and Board Member, AmCham EU.

Next, Brando Benefei, MEP (S&D, IT) and Chair, European Parliament Delegation for relations with the United States and Jovita Neliupšienė, EU Ambassador to the United States, addressed the challenges posed by deepening political divisions on both sides of the Atlantic, highlighting the importance of maintaining open and continuous dialogue. They looked at the critical role of institutional engagement in sustaining effective transatlantic cooperation and underscored the strength of the EU-US economic relationship. 

Afterwards, Timothy Hogan, Senior Vice-President, Global Policy and Public Affairs, Pfizer; Eva Maydell, MEP (EPP, BG) and Vice-Chair, European Parliament Delegation for relations with the United States and Fabian Zuleeg, Chief Executive and Chief Economist, European Policy Centre discussed the accelerating global technological race and explored how the EU and US could preserve their competitive edge. The panelists emphasised the role that businesses can play in strengthening transatlantic relations and why the EU needs to look globally for like-minded partners. The panel was moderated by Barbara Moens, EU correspondent, Financial Times. 

In the second fireside chat, Julia Friedlander, CEO, Atlantik-Brücke, and Dr Benedikta von Seherr-Thoß, Managing Director, Peace, Security and Defence, European External Action Service, discussed the importance of maintaining a strong and united transatlantic defence partnership amid rising geopolitical tensions. They highlighted the necessity of balancing European strategic autonomy with transatlantic interoperability, stressing the importance of overcoming procurement barriers and aligning defence industrial policies. The conversation was moderated by Majda Ruge, Senior Policy Fellow, European Council on Foreign Relations. 

Rounding out the Conference was Adam Szłapka, Polish Minister of EU Affairs, who highlighted the linked nature of security and competitiveness. Minister Szłapka emphasised that simplifying regulations within the Single Market is essential to fostering business growth and attracting investment, leading to enhanced security and resilience within the EU.  

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The transatlantic relationship at 250 years: a shared history and a forged future

On Saturday, 4 July, the US marks 250 years as a nation built on the right to life, liberty and the pursuit of happiness. As Americans at home and abroad celebrate this important milestone, it is an apt moment for Europeans to reflect on their own role in the story of the US. From having shaped the political ideals that are at the heart of modern democracies to becoming a global technological and cultural force, the EU and the US can be proud of all that our shared history has inspired across the world.

This relationship is underpinned by the $9.8 trillion transatlantic economy and the 16 million jobs it supports. However, it was never a given that the ‘Old World’ and the ‘New World’ would forge the largest, most consequential economic relationship on earth. There were periods when wars, economic crises and political shifts kept Europeans and Americans from seeing eye to eye. Yet over time, Europe and the US ultimately found ways of moving forward together, united by aligned interests and shared goals for the future.

Over the centuries, what we achieved together reflects the work not only of political leaders but of ordinary, enterprising citizens, who started businesses and expanded their horizons. They were essential to building the partnership, one transaction and one contract at a time. If we were to rewind to 1776, business owners from Boston and Philadelphia to Berlin and Paris would be familiar with some of the challenges transatlantic business currently faces: shifting policies, supply chain disruptions and uncertainty about what comes next. What might surprise them, however, is the sheer depth and breadth of the partnership in 2026 and its impact on not only Europe and the US but the rest of the world.

The depth of the economy

In the 18th century, crossing the Atlantic took weeks, often making the ocean more of a barrier to trade than a link. ‘Trade’ meant raw and manufactured goods slowly and dangerously sailing on ships between Europe and the nascent US. Merchants could only have dreamed of the $6.4 billion that Europe and the US now trade every single day. With the advent of high-speed transport and the digital economy, every value chain in our economies is shaped by transatlantic commerce. And services have become critical to that. In fact, the EU and the US are the two largest traders of services in the world and are each other’s most important services trading partners.

Important as it is, trade now makes up the smaller part of the $9.8 trillion transatlantic economy: $7.5 trillion comes from selling locally to each other’s markets through our respective foreign subsidiaries, a testament to how deeply integrated the EU-US partnership is. Today, there are 5.3 million employees of European companies in the US and a further 4.6 million employees of US companies in Europe.

The stakes of the partnership

The transatlantic relationship has evolved almost beyond recognition in the last 250 years – giving citizens on both sides of the ocean a myriad reasons to celebrate. It has enabled Europe and the US to grow, innovate and project influence together in a way that would have been impossible alone.

Looking back at the rich shared history of Europe and the US over the past 250 years also provides vital perspective: the undisputed gains for businesses and citizens cannot be taken for granted. The international system is anchored in the transatlantic relationship; the current tensions, rapid technological change and global instability further underscore its vital importance to the world. If businesses and governments grow complacent and fail to maintain the EU-US partnership, the next 250 years could see the relationship lose its ability to protect and nurture the things we hold dear.

This anniversary is the right moment to celebrate America’s role in the world and to recognise how far we’ve come as partners in building our shared destinies. It must also remind us that what the EU and the US have created together is precarious and requires wise and continuous political stewardship from both sides for a prosperous future.

American companies will continue to play their part in bringing the EU and the US together for our shared benefit in a rapidly changing world. On behalf of AmCham EU and our 165 member companies, we congratulate the US on everything it has achieved over the last 250 years, and we join in the celebration of all that we have accomplished together.

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The agreement has the potential to help restore stability and predictability for citizens and businesses on both sides of the Atlantic and provide the basis for continued collaborationbetween the EU and US. The goal should be to bring their shared $9.8 trillion commercial relationship to a more constructive place, focusing on cooperation where interests align.

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