The war of fees between America and Europe threatens businesses worth 9.5 trillion dollars
Abdullah Al-Haqim 
The US Chamber of Commerce to the European Union warned on Monday that the tariff war between the United States and Europe is at risk of 9.5 trillion dollars annually.
The Chamber, which includes more than 160 members, including Apple and Exxon Mobil and Vasa, showed in its annual report on the Atlantic economy, a strong commercial relationship recorded record numbers in 2024, such as the trade of goods and services with a trillion dollars.
Opportunities and risks
The report talks about 2025 as a year full of opportunities and risks for the world’s largest commercial relationship.
Last week, Washington imposed customs duties on steel and aluminum, and the European Union has put plans to respond, and US President Donald Trump threatened to impose customs duties by 200% on wine and spiritual drinks from the European Union.
Trump criticized the American commodity trade deficit with the European Union, despite the presence of an American surplus in services, and urged manufacturers to produce in America.
The American Chamber of Commerce said that trade is only part of the via commercial activity and that the real criterion is investment.
“In contrast to traditional opinion, most American and European investments flow to each other, instead of flowing to emerging markets where the low cost,” the report said.
The sales of foreign companies affiliated with the United States in Europe is 4, such as US exports to Europe, and the sales of Europe’s affiliated companies in the United States are three times higher than European exports.
warning
The American Chamber of Commerce warned that the effects of the commercial conflict may harm these close relations.
The main preparatory equipment, Daniel Hamilton, said that trade between companies, which constitute about 90% of Ireland’s trade and 60% of Germany’s trade may be negatively affected.
There is a risk of the transmission of the crisis to the trade of services, data or energy flows, with Europe dependent on the imports of LNG from the United States.
“The successive effects of the conflict in the commercial space will not only trade, but will extend to all other areas, and the interactions between them are extremely important.”
