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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.

On Tuesday 2 December, Thibaut L’Ortye, Senior Director of Public Affairs, AmCham EU presented The Transatlantic Economy 2025 report at AmCham Luxembourg’s Transatlantic Trade and Investment event. Stacey Feinberg, US Ambassador to Luxembourg highlighted the strong ties between Luxembourg and the US, with over 150,000 people employed thanks to the partnership. During his section, Mr L’Ortye presented the results of the report, with a particular focus on the resiliency of the EU-US relationship. Despite differing views on certain issues, the transatlantic partnership remains the most integrated in the world, directly responsible for 16 million jobs and one third of global GDP.

On Tuesday, 2 December, AmCham EU took part in a roundtable discussion with Christopher Landau, US Deputy Secretary of State. With the implementation of the EU-US Framework Agreement moving forward, the discussions focused on building a more stable and competitive transatlantic business environment. Participants discussed the importance of an open Single Market and the urgency to move ahead with the EU’s work on simplification. The exchange also underlined the value of the transatlantic marketplace as a springboard for American companies to compete globally. Strengthening the partnership makes both sides more resilient and better positioned to respond to strategic challenges, including those posed by non-market economies.