BRUSSELS (Reuters) – Nine out of 10 U.S. companies operating in Europe believe transatlantic economic relations will deteriorate in the coming years, with expected U.S. President-elect Donald Trump’s policies such as tariffs as the main cause, according to a survey released on Monday.
The American Chamber of Commerce for the European Union (AmCham EU), which has more than 160 members including Apple (NASDAQ: ), Goldman Sachs, Meta (NASDAQ: ) and Visa (NYSE: ), said its survey shows two-thirds of expected U.S. policy – and to harm their operations in Europe in the coming years.
About 52% said they expect a negative effect of EU policies.
The poll, conducted among 58 US-controlled members between January 6 and 14, found that 84% ranked tariffs and trade policy as the top priority for transatlantic cooperation, followed by supply chain resilience and energy transition.
The vast majority of companies said Europe was essential to their business and called on the EU and the US to work together to reduce regulations, lower trade barriers and increase regulatory cooperation.
Three-quarters of companies surveyed said they “strongly” or “extremely” supported the Paris climate accord, from which Trump is expected to withdraw. Only 2% did not give their support.
