BRUSSELS: European automakers are urging a quick resolution to the escalating EU-US trade dispute, warning that prolonged tensions could threaten jobs and investments across the sector.
The European Automobile Manufacturers’ Association (ACEA) has voiced concerns over the growing uncertainty, stressing the vital role European car companies play in the US economy.
“We are deeply concerned about the escalation of trade tensions in the world,” said Sigrid de Vries, ACEA’s Director General. “European automakers are committed to being active in the US, making an important contribution to the US economy, accounting for around half a million jobs across the auto sector, exporting over 750,000 vehicles to the US in 2024, and actively investing in local communities to foster economic prosperity.”
The ongoing trade dispute has created uncertainty in the industry, affecting supply chains, pricing, and investment decisions. Automakers fear that new tariffs or regulatory barriers could impact their ability to operate efficiently, leading to potential job losses on both sides of the Atlantic.
The EU and US have traditionally been strong trade partners, and industry leaders worry that further disruptions could weaken their historic relationship. European car manufacturers, who have long relied on stable trade agreements, are calling on policymakers to resolve the issues before economic damage becomes irreversible.
“We urge our leaders to meet urgently so that they can find a solution to any issues preventing free and fair trade between historic allies and allow the EU-US relationship to flourish once again,” de Vries added.
With the automotive industry at the heart of both economies, stakeholders are hoping for swift diplomatic action to prevent further instability.
