The European Parliament’s International Trade (INTA) Committee vote to approve the Commission’s tariff reduction proposals keeps the implementation of the July 2025 EU-US Framework Agreement on track. This vote was a critical signal that the EU intends to stick to its side of the deal, just as we expect the US to uphold theirs.

AmCham EU now calls for the European Parliament to adopt these proposals in a plenary vote at the earliest possible opportunity. The transatlantic commercial relationship is worth $9.8 trillion, with $6.4 billion in goods and services exchanged between Europe and the US every day. Predictability on the rules and costs of trading across the Atlantic is essential for planning, investment and jobs.

AmCham EU is opposed to broad-based tariffs. We understand MEPs’ caution in a volatile transatlantic political environment and have called for the US administration to provide greater clarity on its tariff policy. However, given political priorities on both sides, we still see the EU-US Framework Agreement as the most realistic path to securing a more constructive EU-US trade and investment climate that helps businesses plan ahead.

Beyond tariffs, the Framework Agreement offers a platform for deeper EU-US cooperation on shared priorities, including critical minerals supply chains, addressing nonmarket practices and strengthening cybersecurity. Today’s vote paves the way for the next phase of that agenda.

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.  

The US Supreme Court has ruled today to halt tariffs imposed under the International Emergency Economic Powers Act (IEEPA). In response, the US Administration has indicated it will shortly enact a new 10% global tariff and initiate new tariff investigations under alternative instruments.

The American Chamber of Commerce to the EU (AmCham EU) continues to oppose broad-based tariffs as they disrupt supply chains and increase costs for businesses and consumers. We echo the US Chamber of Commerce’s call for the US Administration to use this ruling as an opportunity to reset its overall tariff policy.

There is now significant uncertainty for businesses that depend on a stable and predictable trade policy environment. Further guidance from authorities is required for companies to understand how the latest developments will impact their operations.

The EU-US trade and investment relationship is the most important economic partnership in the world. AmCham EU looks to the EU and the US to continue working closely together in support of their shared growth and security.

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.

Implementation of the EU–US Framework Agreement is essential to bring greater stability to transatlantic trade and investment. With the Commission’s tariff reduction proposals now before the European Parliament and the Council of the EU, swift adoption is critical to help businesses plan ahead. The co-legislators should therefore: 1) stick to the agreed scope, 2) avoid unnecessary duplication and 3) focus on restoring predictability for businesses. Following these principles will ensure the EU and the US can continue building on the Agreement while preventing a tit-for-tat that would harm both sides.

Following the EU-US Framework Agreement, AmCham EU conducted a flash survey of its members to find out how they expect the transatlantic business relationship to evolve in light of the deal. This survey builds on our poll from January, which captured business expectations for the new EU and US administrations around US Inauguration Day. The September survey finds that, while American companies in Europe maintain a pessimistic outlook on transatlantic trade and investment, the Framework Agreement has nearly cut this pessimism in half (down to 46% from 89% in January).