The European food and drink industry is deeply concerned about the escalating trade tensions triggered by the US tariffs on steel and aluminium, the European Union’s announced rebalancing measures—potentially targeting agri-food products and drinks—and the risk of further retaliation.
Our industry is a key driver of growth, employment, and innovation, with significant investments from EU and US companies in both regions. The two-way trade in agri-food raw materials, ingredients, and finished products highlights the critical importance of this relationship, ensuring supply chain stability and meeting diverse consumer preferences on both sides of the Atlantic.
Trade tensions and additional tariffs will only damage our long-standing transatlantic trade and investment partnership. Such measures risk harming businesses, farmers, and consumers alike while disrupting supply chains and increasing costs on both sides. We urge both sides to deploy all diplomatic efforts to de-escalate trade tensions. A constructive, cooperative approach is essential to maintaining a strong and mutually beneficial transatlantic trade relationship.