Europe’s food and drink industry deeply regrets the US’ decision to impose 20% tariffs on imports from the EU, given the impact it will have on transatlantic trade, businesses, and consumers.
The EU food and drink industry is a major 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 – valued at €40 billion – underscores the critical importance of this relationship – one that ensures supply chain resilience, supports jobs and rural communities, and meets the diverse consumer needs on both sides of the Atlantic.
We reiterate our call for the de-escalation of trade tensions and welcome the EU’s desire to reach a negotiated outcome. It is essential that both sides prioritise constructive dialogue to find solutions that safeguard the integrity of our long-standing and mutually beneficial transatlantic trade relationship.
