Huge losses: The transatlantic economy in 2024 was valued at $ 9.5 trillion a year. In the previous year it was 8.7 trillion dollars. The United States and the European Union exchanged goods with a total value of $ 2 trillion. This is the most favorable trade relations in the world meanwhile Donald Trump wants to introduce customs duties, which can seriously harm these trade relations. The European Union, in turn, announced retaliation. In this trade war, there may be losers themselves.
A lot to lose: – For companies on both sides, the transatlantic economy is more than just a source of profit. This is a common geoeconomic base that gives them an advantage in fierce competition. Instead of engaging in retaliation, which only harms both economies, they should sit at the negotiating table to determine what a favorable contract for the transatlantic economy looks like. Numbers show that It is in the interest of both sides – notes Malte Lohan, CEO Amcham EU. The trade war would hit especially in Ireland, Germany and the Netherlands, where about 90 percent In the case of the first state and 68 percent Trade in the case of the other two, the customs war would be directly affected.
China behind: “2025 is a year of dangers and promises for the transatlantic economy. The tensions are numerous, including transatlantic commercial disputes, disorganizing policy, dramatic changes in the energy sector, uncertainty of the supply chain, confusion with raw materials, challenges from China and the ongoing aggression of Russia against Ukraine and other neighbors. However, the transatlantic economy stands before these tests. year ” – we read in the report of the American Chamber of Commerce at the European Union. Which was emphasized, Transatlantic trade significantly exceeds US-China or EU-China tradeand “transatlantic investments overshadow those from any other global partnership.” “Both economies are in the face of serious threats related to China's addiction in the field of basic goods, from rarely to pharmaceutical products,” it was indicated in the report.
Great losses: Analyst Daniel Hamilton warns that “the effects of conflict in the commercial space will not be limited to trade.” Indicates the extension of the conflict to trade in services, data flows or energy. In particular, it can hurt in gas flow. The report shows that US participation in LNG supplies to Europe has reached 48 percent. in 2024
Read also: “Trump enraged Europe with this idea. 'This is an idiotic war'. Losses can be huge. “
Sources: Amcham EU