AmChamSpain advocates for dialogue in the face of US tariffs: "Avoiding retaliation to protect the transatlantic economy"

 

 

In a context of growing concern about the future of transatlantic trade relations, AmChamSpain has made public its position on the decision of United States to apply new tariffs to European products. The measure, which has generated alarm in the markets and institutions of the UE, has been met with a call for calm from the organization.

 

Jaime Malet, president of AmChamSpain[Name of the organization] has expressed concern about the potential consequences of this measure, while also stressing the importance of keeping channels of dialogue open. "We understand the importance of the trade and economic objectives of [the country]" United States“At the same time, we believe it is essential that the European Union adopt a measured response and prioritize negotiation to reach mutually beneficial solutions. Disproportionate reactions could undermine investor and business confidence at a crucial time for global economic recovery,” Malet stated.

 

AmChamSpain emphasizes that subsidiaries of U.S. companies in Europe and European companies in the United States contribute significantly to economic growth, innovation, and job creation in both the EU and the U.S.

 

The president of AmChamSpain also highlighted the strength of reciprocal investments between Spain and the United States, noting that «Spain is one of the main investors in the United States —our priority destination for foreign investment—, while the United States is the leading investor in Spain, contributing enormous value thanks to an exceptional technology transfer that benefits our entire productive fabric."

 

According to the report Transatlantic Economy Report, sponsored by AmChamSpain, the transatlantic economic relationship between the EU and the U.S. exceeds €8,7 trillion, with investment and trade flows generating millions of jobs in both markets. Reciprocal investment between the United States and Europe ranks as the largest investor relationship in the world, supporting strategic sectors such as industry, energy, services and technology.

 

AmChamSpain considers it a priority to maintain a favorable environment for negotiation rather than resorting to measures that could exacerbate the tariff conflict.

 

The organization emphasizes that subsidiaries of U.S. companies in Europe and European companies in the United States contribute significantly to economic growth, innovation, and job creation in both the EU and the U.S.

 

To this end, AmChamSpain has reiterated its commitment to:

 

1. Promote dialogue between Spanish, European, and American authorities to find avenues for understanding that strengthen the competitiveness and growth of both regions.
2. Avoid retaliation that, far from easing tensions, affects the productive sector and damages the confidence of businesses and consumers.
3. Protect the millions of jobs that depend on transatlantic trade and investment, which is key to economic recovery and shared prosperity.

 

The organization has expressed its willingness to collaborate with all parties involved to find solutions that will help overcome this tense moment and strengthen trade and economic relations between Spain, the European Union, and the United States.