The framework agreement reached between the EU and the US provides relief to businesses bracing for significant disruption across global supply chains. The deal brings much-needed de-escalation in the ongoing dispute and greater certainty for companies. However, a 15% tariff still marks a significant increase in the cost of trading across the Atlantic for many sectors.
The EU and the US must now build on this deal to reach a permanent agreement, with technical details defined as soon as possible. Clarity over implementation, including next steps for Section 232 tariffs, will be critical for companies, who need a predictable framework to operate.
At AmCham, we support efforts by the EU and the US to expand the scope of the zero-for-zero tariff agreement, with the goal of creating a zero-tariff zone across the Atlantic. We also encourage continued progress in regulatory cooperation and a coordinated response to common geopolitical challenges.
Efforts toward greater regulatory alignment and a coordinated response to shared geopolitical challenges—particularly in areas such as energy, defence, technology, and global overcapacity—are encouraged to strengthen economic ties and foster a more predictable environment for transatlantic business.