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The Transatlantic Relationship
Business expectations for the new administrations
As President Donald Trump takes office, a new survey of American companies in Europe finds that nine in ten anticipate a worsened EU-US trade and investment relationship. Respondents also have a pessimistic outlook on anticipated policy changes, with two-thirds expecting US policies to have a negative impact on their operations in Europe in the coming years.
This concern applies to policies on both sides of the Atlantic. When asked the same question about announced EU policies, a majority (52%) also predicted a negative impact. However, 28% expected EU policies to have a ‘somewhat’ or ‘very’ positive influence on their European operations.
Amid talk of tariffs, trade facilitation topped the list of areas where transatlantic collaboration will be critical for business success, with 84% ranking trade policy and tariffs in their top three priorities, closely followed by progress on developing resilient supply chains. To reinforce their shared economic leadership globally, respondents recommended that EU and US policymakers focus their attention on minimising regulatory burdens, reducing trade barriers and strengthening regulatory convergence.
The Transatlantic Economy Report 2024
The Transatlantic Economy 2024 presents the most up-to-date facts and figures about the economic relationship between Europe and the United States. The research was conducted independently by Daniel Hamilton and Joseph Quinlan at the Foreign Policy Institute, School of Advanced International Studies, Johns Hopkins University and the Transatlantic Leadership Network.
The 21st edition of the report features new insights into the international support for Ukraine and sanctions against Russia, major shifts in the transatlantic energy economy, the reconfiguration of global supply chains with derisking strategies at play, relations with China as well as the green and digital transitions.
The study also includes dedicated profiles for 30+ European countries and all US states.
Thriving Together
Thriving Together is an initiative launched by the American Chamber of Commerce to the EU (AmCham EU) to shed light on the deep ties that bind Europe and the United States. It explores the impact of the transatlantic economy on European countries and US states. It also provides a platform for debate on the latest transatlantic issues, featuring commentary from both sides of the Atlantic.
Trade and Technology Council
The Trade and Technology Council (TTC) was the culmination of the EU-US Summit in June 2021, which underscored the determination of the EU and the US to shape the global economy’s future direction around the values of democracy, rule of law, open trade and fair competition.