Yesterday, United States President Trump and European Commission President Juncker announced the U.S. and EU would start negotiations on a positive transatlantic trade agenda, focused on removing industrial tariffs, energy, standards and World Trade Organization (WTO) reform.
The American Chamber of Commerce in Sweden (AmCham Sweden) is encouraged by both leaders’ efforts to reduce tensions across the Atlantic. The Presidents’ announcement demonstrates a clear commitment to our joint partnership at the highest level. The EU and U.S. are each other’s strongest allies and should work together to solve bilateral and global challenges. A strong EU-U.S. relationship is critical to jobs, growth and security on both sides of the Atlantic.
We are relieved to see that no further tariffs will be enacted in the meantime. Creating new trade barriers benefits no one, but only further destabilizes the global trading system and hurts our economies.
AmCham Sweden is enouraged by yesterday’s announcement that puts transatlantic relations back on a positive track.