The Big Question: cosa significherà per l'Europa la ripresa dei dazi di Trump?

euronews (in Italiano)

28/04/2025

The Big Question: cosa significherà per l'Europa la ripresa dei dazi di Trump?

"La posta in gioco in questa relazione è davvero troppo alta per permettere che venga danneggiata", ha dichiarato l'amministratore delegato della Camera di Commercio americana presso l’UE.

ALTRE INFORMAZIONI : http://it.euronews.com/2025/04/28/the-big-question-cosa-significhera-per-leuropa-la-ripresa-dei-dazi-di-trump

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00:00This is simply the biggest, most integrated economic partnership in the world.

00:0516 million jobs, the equivalent of the French and German economies combined.

00:10There is way too much at stake in this relationship to let that be damaged.

00:20Welcome to The Big Question, a series from Euronews where we address some of the biggest topics on the business news agenda.

00:29And today I'm joined by Malta Lohan, the CEO of the American Chamber of Commerce to the EU.

00:36Malta, it's an absolute pleasure to have you with us on the show.

00:39Thank you very much for joining us.

00:41Great to be here, Angela. Thank you.

00:42Very timely discussions at the moment and I imagine you are an incredibly busy man.

00:47But first of all, for those who don't know, can you just explain exactly what the American Chamber of Commerce to the EU actually does?

00:55Of course, the American Chamber of Commerce to the EU is the group that represents American businesses in Europe.

01:01So we have 160 member companies across all different sectors, goods, services, with one thing in common,

01:08which is for decades, in some cases 100 plus years, deeply invested in Europe.

01:12And our role is to help the EU build an economy that is competitive, that generates return on investment,

01:20and to help build bridges across the Atlantic and strengthen the partnership that we have between Europe and the United States.

01:27When it comes to the EU-US economic relationship, what are the key figures or metrics that best represent this partnership?

01:36This is simply the biggest, most integrated economic partnership in the world by some margin.

01:43It's an economy that is worth 8 trillion euros.

01:48For comparison, that's the equivalent of the French and German economies combined.

01:5216 million direct jobs depending on that transatlantic economy.

01:58That's a third of global GDP that is represented by our two economies combined.

02:04We are each other's biggest source of foreign direct investment.

02:08More than 56% of American FDI goes to Europe.

02:13A similar measure of European FDI goes to the US.

02:17And so not just is it a source of growth and profits for businesses on both sides of the Atlantic,

02:25but it's actually also a shared base on which we compete with the rest of the world.

02:34What impact would it have on the US economy if this relationship diminished?

02:42The economic relationship between Europe and the United States, of course,

02:46is at the heart of our shared prosperity and our shared success also across the world.

02:52Just think of the breakfast cereal on your table, think of the websites you go to online,

02:59think of where you get your petrol or your electricity when you charge your car.

03:04And instantly you will realize that there are plenty of American companies

03:09which are deeply integrated into the fabric of our economy

03:13and which are generating local jobs, local investments, local tax returns.

03:21And that is really the shared value of the relationship,

03:24which goes far beyond the goods flowing across the Atlantic.

03:27And so if we lose some of the access to each other's markets,

03:34it would be a big burden on the profitability of our companies

03:39and it becomes so much harder to compete globally.

03:43And Molta, what's the sentiment among the businesses within your network that you work with day to day?

03:49What are the main concerns now at the moment for them regarding the current situation with the tariffs?

03:54The number one concern that every single company will express

04:00is about the level of uncertainty that they're facing.

04:03And just think about the position of a CEO or a CFO in this current context.

04:08You are planning to make big, multi-billion euro investments

04:13into your supply chain, into your production facilities,

04:19and you don't know how to calculate the return on those investments

04:23because that calculation changes from one day to the next

04:27with a tariff being imposed or a countermeasure being imposed and taken off again.

04:32And so that creates huge inertia in the marketplace

04:36where investments are being held back

04:38and where other parts of the world that are not facing this level of uncertainty

04:45can accelerate their own innovations and their own investments

04:50and we will have to catch up.

04:51If the tariffs do resume, what will that actually mean for the EU economy as a whole?

04:56This would be really bad news.

04:59It would be really bad news, first of all,

05:01because it would disrupt those closely integrated supply chains

05:06between Europe and the United States.

05:08It would drive up the input costs for companies,

05:11which makes products and services more expensive

05:14for customers and consumers as well.

05:17My big worry is that if we go back to a phase of tariffs and counter tariffs,

05:25it will start spilling over into other parts of the relationship.

05:29The biggest benefit of our transatlantic relationship is our investments.

05:35If those start to be affected by uncertainty about tariffs

05:41and by a shift away from each other of the two economies,

05:46that would be deeply damaging for both sides.

05:49At least what we can say at this point is that there is space for dialogue.

05:54Now, whether that dialogue is able,

05:56within the short space of time available,

05:59to come to a conclusion,

06:01I think we still have to see.

06:03And finally, what are your hopes for the future EU-US economic relationship?

06:10These days, I've heard others express a hope,

06:13which was simply that it doesn't get worse.

06:17To me, that would be a sad state of affairs.

06:20So I would like to think that there is more to hope for

06:24than that things don't get worse.

06:26I do think that Europe and the United States still have an enormous shared interest

06:33in working together to address our shared geo-competitive challenges.

06:40I do think that Europe and the United States have both to understand

06:47how some of that prosperity that has been generated through open trade

06:52can better be brought to the widest possible part of society.

07:00And I think that this is the moment where Europe also really has the opportunity

07:06to take a leap forward in terms of addressing barriers in the single market

07:12and creating a more competitive region for businesses to thrive in

07:19and to see a return on their investment.

07:22Sometimes it takes a jolt, and that is certainly what we are facing.

07:26If that is the outcome of this jolt, I think that is a good outcome for Europe as well.

07:31That is incredibly insightful, everything you've shared with us there.

07:36So thank you very much for joining us on The Big Question

07:39and for sharing all of your insights with us. It's been a pleasure.

07:41Thanks for having me, Angela. Pleasure to be here.

07:43Thank you very much.

07:44Please do head over to the Euronews website

07:46and check out the rest of our shows.

07:49They're all there, and also you can go to the Euronews YouTube channel

07:52and you'll find all the big questions there too.

07:55Thank you.

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