Nine in Ten US Firms Operating in Europe See Transatlantic Economic Ties Worsening
A recent survey reveals that 90% of US companies operating in Europe anticipate a decline in transatlantic economic relations in the coming years. The primary factor driving this pessimism is the anticipated policies of President-elect Donald Trump, particularly his stance on tariffs.
The survey, conducted by the American Chamber of Commerce to the European Union (AmCham EU), includes responses from over 160 members, including Apple, Goldman Sachs, Meta, and Visa. Two-thirds of respondents expressed concerns that US policies would adversely affect their European operations. Additionally, 52% anticipate negative impacts from EU policies.
Conducted between January 6th and 14th among 58 US-controlled members, the survey highlights tariffs and trade policy as the top priority for transatlantic cooperation (84%). Supply-chain resilience and energy transition are also considered important.
A majority of companies affirm Europe's critical role in their operations. They advocate for joint efforts between the EU and US to reduce regulations, lower trade barriers, and enhance regulatory cooperation. Notably, 75% of respondents express strong support for the Paris climate agreement, which Trump is expected to withdraw from. Only 2% do not support the agreement.