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Ahead of the Committee on International Trade’s (INTA) meeting in the European Parliament on Monday, 26 January 2026, AmCham EU reiterates its call to advance the Commission’s tariff reduction proposals as part of the wider EU-US Framework Agreement. We understand MEPs’ caution following a week of renewed transatlantic tensions, but do not see the tariff reduction proposals as the right avenue for addressing these issues. The Framework Agreement remains the best available option for securing a more positive, productive EU-US trade and investment climate that helps businesses plan ahead.  

As part of the Agreement, the EU and the US made a range of initial commitments. Last September, the US took its first step by updating its tariff schedule on EU products. The two tariff reduction proposals are how the EU shows its commitment to follow suit. This is just the start of the longer-term process of implementing the deal. Later, there will be opportunities to address other issues important to businesses on both sides of the Atlantic. A functioning EU-US economic relationship is critical to millions of American and European businesses and livelihoods.  

The European Parliament’s decision to refer the EU-Mercosur free trade agreement (FTA) to the Court of Justice adds a further delay to one of the EU’s most important and long-running trade initiatives.  

Commenting on the vote, Malte Lohan, CEO of AmCham EU, said: ‘Today’s vote by the European Parliament to refer the EU-Mercosur agreement to the Court of Justice is a self-inflicted setback for Europe’s economic interests and geopolitical relevance at a moment when the EU can least afford it. 

After 25 years of negotiations, this should have been Europe stepping forward as a global trade leader and champion of win-win partnerships. It was an opportunity to strengthen Europe’s global position, diversify supply chains and open new opportunities in a fast-growing market of 284 million people. 

Instead, this vote has chosen - yet again - delay. 

Europe’s credibility as a trade powerhouse is now on the line. The EU must move decisively to get this agreement back on track.’ 

The EU-Mercosur FTA will deepen economic ties, reduce barriers to trade and strengthen long-term engagement with a key region. How this process now unfolds will be critical not only for the agreement itself, but also for confidence in the EU’s broader trade agenda. 

The American Chamber of Commerce to the EU (AmCham EU) is concerned about recent developments that may fundamentally undermine the EU-US Framework Agreement and lead to tit-for-tat measures that will hurt American and European companies. If the dispute escalates, it could quickly spread across large parts of the economy, with far-reaching knock-on effects. It would cause severe damage to economic welfare and security on both sides. A negotiated outcome must urgently be found.

The rules-based international system brings certainty and stability to business relations around the world to the benefit of all companies operating across borders. When the time is right, both sides should seek to return to the spirit of the EU-US Framework Agreement, as the best available way to safeguard the EUR 8.7 trillion transatlantic economy.