EU-U.S. Trade Deal Brings Relief to Transatlantic Business

The framework agreement between the European Union and the United States offers welcome relief to transatlantic businesses. With companies on both sides of the Atlantic facing mounting uncertainty and the prospect of renewed supply chain disruption, this deal provides a measure of stability at a critical time. However, the introduction of a 15% tariff still represents a significant cost increase for many sectors and underscores the need for a lasting solution.

AmCham Sweden welcomes this step forward and encourages both governments to move quickly toward a permanent agreement. Businesses need clarity on implementation—particularly regarding the status of Section 232 tariffs—and a predictable framework in which to operate, invest, and grow.

As the next phase unfolds, the EU and the U.S. should expand the scope of sectors covered by zero-for-zero tariffs, with the long-term goal of building a transatlantic zero-tariff zone. Doing so would enhance competitiveness, improve supply chain resilience, and strengthen the foundation of the transatlantic economy.

Ultimately, the two sides should advance regulatory cooperation and a shared approach to common geopolitical challenges. The commitment to work more closely on issues such as energy, defence, technology, and global overcapacity is a constructive first step in reinforcing the transatlantic economic partnership.