The American Chamber of Commerce to the EU has warned that the US-European tariff conflict is endangering $9.5 trillion worth of transatlantic business annually. According to AmCham EU’s annual Transatlantic Economy report, goods and services trade between the US and EU reached $2 trillion in 2024. The report highlights 2025 as a year of both promise and peril for the world’s largest commercial relationship. Trump’s focus on the US goods trade deficit with the EU contrasts with a surplus in services. AmCham EU emphasizes that investment, not just trade, is the real benchmark of transatlantic commercial activity. Ripple effects from the trade conflict could harm these close ties, affecting intra-firm trade and services trade, data flows, or energy sectors. — news from Reuters
