According to a survey published on Monday, conducted by the American Chamber of Commerce to the European Union (AmCham EU), nine out of 10 U.S. companies operating in Europe foresee a deterioration in transatlantic economic relations in the upcoming years. The anticipated policies of the incoming U.S. President, such as tariffs, are cited as the primary concern.
AmCham EU, with over 160 members including prominent companies like Apple, Goldman Sachs, Meta, and Visa, revealed that two-thirds of the surveyed companies expect U.S. policies to negatively impact their European operations. Additionally, 52% anticipate adverse effects from EU policies.
In the survey conducted among 58 U.S.-controlled members from January 6 to 14, 84% identified tariffs and trade policy as their top priorities for transatlantic cooperation, followed by concerns about supply-chain resilience and the energy transition. The majority of companies emphasized the critical role of Europe in their operations and urged the EU and U.S. to collaborate towards reducing regulations, eliminating trade barriers, and enhancing regulatory cooperation.
Furthermore, three-quarters of the companies expressed strong support for the Paris climate agreement, contrasting with only 2% who did not endorse it.