The U.S. Chamber of Commerce and the American Chamber of Commerce to the EU (AmCham EU) have released The Transatlantic Economy 2025, the 22nd edition of their annual report detailing the strength and scope of economic ties between the United States and Europe.
Prepared by Daniel Hamilton and Joseph Quinlan for the Foreign Policy Institute at Johns Hopkins University’s School of Advanced International Studies, the report underscores the continued vitality of the transatlantic economic relationship.
According to the report, transatlantic commerce now totals $9.5 trillion, up from $8.7 trillion the previous year. The U.S.–Europe economic partnership supports 16 million jobs and is marked by significant flows of goods, services, investment, energy, and digital trade. Despite political volatility, the economic bond remains robust, with a broadly balanced current account and comparable tariff structures for manufactured goods on both sides.
Despite these strong figures, the report raises concerns about escalating trade tensions. The American Chamber of Commerce to the EU warns that the ongoing U.S.-European tariff conflict endangers this substantial economic relationship. Recent U.S. tariffs on steel and aluminum have prompted the EU to consider retaliatory measures, potentially impacting intricate intra-firm trade and spilling over into services trade, data flows, and energy sectors.
“The Transatlantic Economy 2025 report demonstrates in clear terms that the commercial relationship between the U.S. and Europe remains by far the largest on earth,” said Marjorie Chorlins, Senior Vice President for European Affairs at the U.S. Chamber of Commerce. “We urge policymakers to preserve and strengthen this unique partnership, avoiding measures that could undermine its global leadership.”
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