Commercial war threatens: EU and the USA in conflict by billions!

Commercial war threatens: EU and the USA in conflict by billions!

In an alarming appeal, the American Chamber of Commerce in the EU (AMCHAM) has warned against devastating economic losses if the current trade conflict between the USA and the EU continues to escalate. According to Amcham, this dispute could endanger transatlantic business worth an incredible $ 9.5 trillion dollars a year. Last year, the goods and service trade was estimated to record $ 2 trillion. "The sales of US subsidiaries in Europe are four times as high as US exports to the EU," said Amcham in her current report. These figures illustrate the immense economic integration between the two regions, which is now on the brink, as [OE24] reported.

threaten tariffs and retaliation?

The situation continues to come to a head! The US government recently raised tariffs on steel and aluminum, which caused the EU to prepare retaliation measures. Particularly explosive: US President Donald Trump threatens tariffs of up to 200 percent on European wines and spirits, while at the same time complaining about the high trade deficit between the USA and the EU. But there are also bright spots: after Trump's re -election, members of the European Parliament have requested clarification and cooperation. "The European Parliament is ready to contribute its part to strengthen transatlantic relationships," said the responsible MPs.

The debate about the new tariffs is accompanied by a clear appeal to diplomacy and open trade. Maroš Šefčovič, a member of the European Commission, described the tariffs as "poor taxes for companies and consumers" and emphasized that they could heat inflation, as was the [Europarl.eu]. Bernd Lange, the chairman of the Committee on International Trade, pointed out that a reaction follows every action and underlined the possibility of counter -tariffs to protect the European economy. In the meantime, Europe remains determined and willing to take measures to preserve its key industries from the effects of US tariffs.