Yesterday, the U.S. Chamber of Commerce released annual survey of the jobs, investment, and trade links between the United States and Europe -- The Transatlantic Economy 2021 – in partnership with AmCham EU. This year’s report confirms that the U.S. and Europe remain each other’s most important economic partners despite political turbulence and the COVID-19-induced recession.
“While the transatlantic relationship has been quite fractious in recent years, the U.S. and Europe’s economies remain deeply integrated no matter the metric you use. Investment, trade, the digital economy, services and innovation are still driving the transatlantic economy. We have an important opportunity now to deepen those ties further, especially by quickly eliminating long-standing trade irritants such as the large civil aircraft subsidy dispute and the outstanding tariffs on steel and aluminum and moving to ensure continued transatlantic data flows.
The U.S. and Europe must partner to respond to shared challenges, including pandemic response and recovery, climate change, digital transformation, and countering China’s malign practices at home and abroad. We must seize the opportunity to “build back better” together.” - Marjorie Chorlins, Senior Vice President for European Affairs