EU and USA should be working together, not against each other

The transatlantic relationship is the strongest and most integrated in the world, but trade irritants are eroding trust. “The EU and the USA should be working together, not against each other. We share common challenges and our companies have a long history of cooperation that is key for our two economies”, stated BusinessEurope President Pierre Gattaz. BusinessEurope's mission to Washington, DC included meetings with Commerce Secretary Wilbur Ross, Deputy Trade Representative Jeffrey Gerrish, Congress and business counterparts. Issues like the Airbus-Boeing dispute, our bilateral trade negotiations, China, the reform of the World Trade Organisation (WTO), sanctions and the threat of duties on cars were at the centre of the discussions. “Trade tensions are creating uncertainty and leading to decreasing investment and economic slowdown. We need to make sure that multilateral rules are respected and we have an effective way of settling disputes”, Gattaz said.