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On Wednesday, 11 March, the United States Trade Representative launched Section 301 investigations into structural production overcapacity against a range of economies, including the European Union.  We understand that this decision is part of a larger attempt to stabilise the US tariff system in the wake of the Supreme Court ruling striking down the International Emergency Economic Powers Act (IEEPA) tariffs. 

The American Chamber of Commerce to the European Union (AmCham EU) is concerned about the continued uncertainty of the current trade environment. Companies still lack clarity over future tariff rates in both the short- and long-term. We continue to oppose broad-based tariffs as they raise costs for businesses and consumers and disrupt supply chains. 

With potential measures against the EU under consideration, AmCham EU calls on the EU and the US to avoid escalation in the trade dispute. The priority must be to restore stability and predictability in transatlantic trade. The deal struck in the summer is not a perfect solution, but it offers the most realistic path forward given political priorities on both sides. We look to the parties to honour their commitments under the EU-US Framework Agreement. 

The US Administration rightfully identifies overcapacity as a critical issue in the global economy which also affects the European market. We see the EU as part of the solution, rather than the problem. The EU and the US must work together to tackle the real issue at hand: unfair trading practices from non-market economies.  

From Wednesday, 4 March to Friday, 6 March, AmCham EU visited Dublin, Ireland ahead of Ireland’s upcoming Presidency of the Council of the European Union. The delegation met with Irish policymakers and business representatives to exchange views on EU policy priorities, Europe’s competitiveness and the transatlantic partnership. The visit forms part of AmCham EU’s ongoing engagement with Member States ahead of their Presidency. 

Discussions focused on strengthening Europe’s competitiveness and promoting a supportive policy environment for investment and innovation. Exchanges covered areas including financial services, digital policy, tax, life sciences and environmental policy, as well as the importance of maintaining a strong transatlantic partnership. 

With Ireland preparing to assume the Presidency of the Council of the European Union, AmCham EU looks forward to continuing engagement with Irish stakeholders on strengthening Europe’s competitiveness and the transatlantic economy. 

During the visit, the delegation met with representatives from the Irish Government, parliament and business community, including:

• Peter Burke, Minister for Enterprise, Tourism and Employment 

• Thomas Byrne, Minister of State, European Affairs and Defence 

• Jennifer Carroll MacNeill, Minister for Health 

• Eoghan Glynn, Acting Head of UK and International Trade Division, Department of Agriculture, Food and the Marine 

• Martina Hennessy, Assistant Secretary, Department of the Environment, Climate and Communications 

• Edwina Love, Head of EU Division, Department of Agriculture, Food and the Marine 

• Philip Nugent, Assistant Secretary, Department of the Environment, Climate and Communications 

• Sinéad Ryan, Assistant Secretary, Business and International Tax Policy, Department of Finance 

• Robert Troy, Minister of State, Department of Finance 

• Maeve von Heynitz, Director-General, EU Division, Department of Foreign Affairs 

• Barry Ward, Chair, Committee on European Affairs, Oireachtas 

On 9 March, AmCham EU participated in Women of Impact 2026 – Spark the Future, an International Women’s Day event hosted by Cisco Belgium in Diegem. The event highlighted the importance of empowering women across sectors and generations while fostering dialogue on leadership, inclusion and the skills needed to navigate rapid technological change. It brought together business leaders, academics and students to exchange perspectives on how organisations can build more inclusive and resilient workplaces.

Roberta Brumana, Outreach Director, AmCham EU, joined the panel on Building your digital resilience – skills for a changing world. She highlighted that digital resilience requires organisations to anticipate and adapt to technological disruption while investing in workforce skills. The discussion also emphasised the importance of collaboration between business, policymakers and education providers to accelerate reskilling and ensure workers are equipped for the digital economy.

The panel also featured comments from Silvia Caneva, Senior Public Policy Manager, Workday; Claudia Toma, Professor of Social Psychology and Organizational Behavior, Solvay Business School; and Pastora Valero, Senior Vice-Present, Government Affairs, EMEA & APJC, Cisco. The discussion was moderated by Aurelia Takacs of Cisco.

With the newly released Industrial Accelerator Act (IAA), the European Commission seeks to bolster the EU’s competitiveness, limit strategic dependencies and strengthen its industrial base. While it aims to address legitimate concerns about overcapacity and non-market practices undermining Europe’s industry, the uncertainty and new administrative hurdles it creates risk chilling investment decisions and thereby negating the intended benefits.

‘Parts of the IAA have the potential to garner high-quality investments, foster innovation and keep Europe on the road towards decarbonisation,’ said Malte Lohan, CEO, American Chamber of Commerce to the European Union (AmCham EU). ‘To succeed, the EU must steer away from disproportionate and discriminatory requirements and keep the Single Market open to US companies that contribute to European prosperity and strategic priorities.’

With €4 trillion in investment, US companies represent the largest source of foreign direct investment into Europe and are fully integrated into EU supply chains, responsible for cutting-edge innovation and creating value across strategic sectors in the EU. Their contributions are critical for enhancing Europe’s economic resilience and security.

Yet the IAA risks making it more difficult, instead of easier, for Europe to attract the capital necessary to improve resilience and strengthen its industrial base. The proposal includes blanket restrictions on investments that may duplicate and undermine existing transaction review instruments, including investment screening, merger control and the Foreign Subsidies Regulation. The EU is already optimising each of these instruments for its strategic priorities. Instead of adding an additional screening layer, the Commission should assess the effectiveness of the current transaction review framework once the ongoing changes have been implemented and consider ways to improve existing tools to better serve EU-added value.

The IAA’s requirements about content equivalency could also introduce significant uncertainty for all firms with a global footprint that are part of complex, integrated and cross-border supply chains. The Commission’s recognition of the importance of reciprocal trade and public procurement commitments is positive. However, failing to directly clarify in the proposal whether companies with a global footprint can access European public procurement could adversely impact both supply chain security and trade relations.

Only through sufficient legal clarity followed by an implementation process based on sound economic analysis can the IAA grow critical industry in Europe and help diversify access to best-in-class technology. American companies, as an integral part of Europe’s industrial fabric, stand ready to engage with policymakers on how to focus the IAA to strengthen industrial competitiveness.

For more context, read our latest position on Defining 'Made in Europe'.