Doubling down on the transatlantic relationship
Position Paper
1 Oct 2024
Transatlantic

The EU and the US are each other’s closest strategic partners. They share fundamental values, interests, and – thanks, in part, to the strength of the transatlantic economy – a collective weight to shape global politics, economics and security. Now, as challenges test the foundations of the global order, the EU and US must double down on cooperation to bring value to citizens and companies globally.

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Today the European Parliament adopted its negotiating position on proposals to reduce tariffs on certain imports from the United States, in line with the July 2025 EU-US Framework Agreement. The Parliament’s vote clears the way for trilogues to finalise these proposals.

Reacting to the vote, Malte Lohan, CEO, AmCham EU, welcomed the Parliament’s decision as a necessary step towards a more predictable transatlantic marketplace: ‘The Parliament today has taken a decision that helps put the EU-US trade and investment relationship back on track. It is the right signal for businesses that have been stuck in limbo over the past year.’

‘AmCham EU opposes broad-based tariffs. However, given political priorities on both sides of the Atlantic, we still see the Framework Agreement as the most realistic route to securing a more constructive EU-US trade and investment climate’, Mr Lohan added. ‘We call on the Parliament and Member States to conclude trilogues swiftly. Once the tariff reductions are approved, the EU and the US can get back to advancing the cooperation the Framework Agreement envisages on a range of areas that benefit European and American businesses alike. We look to both sides to continue honouring their commitments throughout this process.’ 

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On Wednesday, March 18, AmCham EU co-organised the AmChams in Europe Brussels Doorknock. Hosted at AmCham EU’s offices, the programme brought together representatives from AmChams across Europe for meetings with EU policymakers and stakeholders in Brussels. 

The group met with Jakob Wegener Friis, Chief Economic Advisor to the President of the European Council; Didrik de Schaetzen, Secretary General, ALDE Party, European Parliament; Klaus Welle, Special Advisor to the Commissioner for Defense and Space and Chairman, Academic Council, Wilfried Martens Centre for European Studies and Fabian Zuleeg, Chief Executive and Chief Economist, European Policy Centre. 

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