President Donald Trump reversed course in the global trade war he launched on April 5th, announcing in a social media post a 90-day pause on new tariffs against every country but China.

According to the Commission, the EU has a €154 billion trade surplus in goods with the US, while the US maintains a €104 billion surplus in services with the EU, resulting in an overall EU trade surplus of three percent from a total €1.5 trillion trade flow. In 2023, the US was the largest partner for EU exports of goods and the second largest partner for EU imports of goods.

EU - USA

The European Union and the United States have the largest bilateral trade and investment relationship and enjoy the most integrated economic relationship in the world. EU and US investments are the real driver of the transatlantic relationship, contributing to growth and jobs on both sides of the Atlantic.

Although overtaken by China in 2021 as the largest EU import source for goods, the US remains the EU’s largest trade and investment partner by far. It is estimated that a third of the trade across the Atlantic actually consists of intra-company transfers.

The transatlantic relationship also defines the shape of the global economy as a whole. Either the EU or the US is the largest trade and investment partner for almost all other countries in the global economy. Taken together, the economies of both territories amount to more than 40% of world GDP and more than 40% of global trade in goods and services.

In June 2021 both entities agreed to take decisive steps to end the longest running dispute in the history of the World trade organisation: dispute on Large Civil Aircraft (also known as Airbus-Boeing dispute).

See more on the topic of EU-US trade relations by visiting our package for the 8th parliamentary term.

EU - US Trade relations

Diplomatic relations between the EU and the U.S. date back to 1953.

 
The relationship between the EU and the United States is one of the most important bilateral relationships in the world. The EU and U.S. are the biggest economic and military powers in the world, dominate global trade, play the leading roles in international political relations.

EU - USA - 8th Parliamentary term

This package contains the events of 2019 and 2020. For latest events, see related links.

Diplomatic relations between the EU and the U.S. date back to 1953. 
The relationship between the EU and the United States is one of the most important bilateral relationships in the world. The EU and U.S. are the biggest economic and military powers in the world, dominate global trade, play the leading roles in international political relations.

EU - USA (2019-2020)

Statements of the members of INTA Delegation to the US

MEPs review the new US administration’s recent decision to pull back from a number of international organisations and agreements.

Following his inauguration on 20 January 2025, President Trump signed a large number of executive orders setting the priorities of the new US administration, including the country’s withdrawal from the World Health Organisation (WHO) and the Paris Agreement on climate change mitigation. Alongside Commission representatives, MEPs will discuss the impact of these decisions internationally and on the EU’s future involvement in these global initiatives.

Background

This is the second time the US has initiated the process of withdrawing from both the WHO and Paris Agreement.

During the first Trump administration (2017-2021), the US gave formal notice of withdrawal from the Paris Agreement in November 2019 (which then took 12 months to take effect). Shortly after taking office, President Biden revoked the decision, with the US formally rejoining the agreement in February 2021. President Trump also started the withdrawal process from the WHO in 2020, but it was never finalised and the decision was reversed by the Biden administration.

Debate on the US withdrawal from the Paris Climate Agreement, WHO and USaid

MEPs assess the current state of EU-US trade relations, multilateralism and the EU’s potential responses if the US imposes tariffs on European products.

US President Donald Trump has stated that he would “absolutely” introduce tariffs targeting the EU, citing grievances over EU action against US tech firms and a trade deficit in goods. He also threatened to use tariffs to pressure Denmark into handing over Greenland. President Trump recently announced a 25 percent tariff on goods from Canada and Mexico, which he later delayed by a month, as well as a 10 percent tariff on imports from China.

Parliament is committed to multilateralism and has called for the urgent reform of the World Trade Organisation (WTO). Leading MEPs recently said it is “imperative for the US and the EU to work closely together to defend multilateralism and the rules-based international order”. Meanwhile, the EU has strengthened the tools at its disposal to protect EU trade, which now include the Anti-Coercion Instrument designed to enable the EU to respond, as a last resort, to economic blackmail from a foreign country.

According to the Commission, the EU has a €154 billion trade surplus in goods with the US, while the US maintains a €104 billion surplus in services with the EU, resulting in an overall EU trade surplus of three percent from a total €1.5 trillion trade flow. In 2023, the US was the largest partner for EU exports of goods and the second largest partner for EU imports of goods.

Debate on the  tariff threats from the Trump administration

The day after Donald Trump’s inauguration on  20 January, MEPs discuss the implications of his second term for transatlantic relations, with representatives from the Polish Council Presidency and the Commission . The debate is expected to focus on support for Ukraine, relations with Russia, China, the Middle East, climate change, and trade. MEPs are also expected to bring up  security issues, in light of Donald Trump’s repeated demands that Europe spend more on defence. Speaking in the Committee on Foreign Affairs recently, NATO Secretary-General Mark Rutte warned MEPs that “NATO’s current two percent defence spending target is not nearly enough (...) to stay safe.”

Debate on the geopolitical and economic implications under Trump administration

Following the 2024 U.S. presidential election, which sees Donald Trump and JD Vance defeating Kamala Harris and Tim Walz, the European Parliament debates the future of EU-U.S. relations under the new administration. With Trump set to be inaugurated in January 2025, MEPs assess how this shift affects shared priorities. As the EU seeks stable transatlantic relations, MEPs consider how to engage with the new administration to address challenges and leverage opportunities for both regions.

EU-US relations in the light of the outcome of the US presidential elections

Visit of US Congressional Delegation - House of Democracy Partnership

Roberta METSOLA, EP President receives a delegation from the US Congress

EP Plenary session - Voting session

EP Plenary session - Situation of EU academics in the US

EP Plenary session - US withdrawal from the Paris Climate Agreement, the World Health Organisation and the suspension of US development and humanitarian aid

EP Plenary session - US AI chip export restrictions: a challenge to European AI development and economic resilience

EP Plenary session - Preparedness for a new trade era: multilateral cooperation

EP Plenary session - Geopolitical and economic implications for the transatlantic relations under the new Trump administration

Roberta METSOLA, EP President receives a delegation from the US Congress. Scheduled meeting at the request of a US Congressional Delegation involving Representatives of the House Democracy Partnership. The 8 Members delegation led by Codel BUCHANAN will be meeting Members of the European Parliament across the political spectrum including the Vice-President responsible for Human Rights and Democracy Support and several DEG Members. The House Democracy Partnership is the closest counterpart of the EP's Democracy Support and Election Coordination Group (DEG). Family photo with Vern BUCHANAN, Norman THATCHER, Andy OGLES, Dina TITUS, Lloyd DOGGETT, Anna Paulina LUNA, Ted LIEU, Neal DUNN, Ihlan OMAR, Seth BLAYLOCK, Derek LUYTEN, Courtney BUTCHER

Roberta METSOLA, EP President receives a delegation from the US Congress: extracts from the roundtable and family photo

European Parliament’s delegation for relations with the United States meets Representatives of the US Congress. The visit by MEPs takes place against the backdrop of US President Donald Trump’s recent announcement of sweeping tariffs on global trade partners. The delegation, led by Brando benifei (S&D, Italy), meets with representatives of the US Congress, in part to prepare for the next Transatlantic Legislators' Dialogue (TLD), a forum of leading lawmakers designed to strengthen relations between the European Parliament and Congress.

European Parliament’s delegation for relations with the United States meets Representatives of the US Congress: extracts from the visit and statements by the members of the delegation

Bernd LANGE (S&D, DE), Chairman of the European Parliament’s International Trade Committee, reacts to the 20% tariff announced by US President Donald Trump during a press conference in Strasbourg. This transcription is a result of an automatic process. Please check against delivery.

Press conference by Bernd LANGE (S&D, DE), Chair of the EP Committee on International Trade, on New tariffs imposed by Trump administration

MEPs vote on the following topics: JURI Amending Directives (EU) 2022/2464 and (EU) 2024/1760 as regards the dates from which Member States are to apply certain corporate sustainability reporting and due diligence requirements; (A10-0029/2025) SMISZEK JURI Request for waiver of the immunity of Jana Nagyová; (A10-0030/2025) TARCZYNSKI JURI Request for waiver of the immunity of Petr Bystron; (A10-0031/2025) FURORE JURI Request for waiver of the immunity of Maciej Wasik; (A10-0032/2025) FURORE JURI Request for waiver of the immunity of Mariusz Kaminski; (A10-0039/2025) ZDECHOVSKÝ CONT Partial renewal of a member of the Court of Auditors - Lucian Roma.canu; (A10-0018/2025) TSIODRAS ENVI; (A10-0019/2025) TSIODRAS ENVI; (A10-0020/2025) TSIODRAS ENVI; (A10-0038/2025) IMART INTA Macro-financial assistance to Jordan; (A10-0037/2025) IMART INTA Macro-financial assistance to Egypt; and (A10-0034/2025) LANGE INTA Customs duties on imports of certain products originating in the USA.

Voting session

MEPs debate on the situation of European academics and researchers in the US and the impact on academic freedom: Ekaterina ZAHARIEVA, European Commissioner for Startups, Research and Innovation, makes a closing statement.

Situation of European academics and researchers in the US and the impact on academic freedom: closing statement by Ekaterina ZAHARIEVA, European Commissioner for Startups, Research and Innovation

MEPs debate on the situation of European academics and researchers in the US and the impact on academic freedom: Ekaterina ZAHARIEVA, European Commissioner for Startups, Research and Innovation, makes an opening statement. This transcription is a result of an automatic process. Please check against delivery.

Situation of European academics and researchers in the US and the impact on academic freedom: opening statement by Ekaterina ZAHARIEVA, European Commissioner for Startups, Research and Innovation

MEPs debate on the situation of European academics and researchers in the US and the impact on academic freedom.

Situation of European academics and researchers in the US and the impact on academic freedom: MEPs debate

The Committee on Economic and Monetary Affairs (ECON) holds its regular debate with European Central Bank (ECB) President Christine LAGARDE. MEPs question her on the US shift to protectionism and its impact on the euro area economy, and on the recent decision to lower interest rates, among other issues. This transcription is a result of an automatic process. Please check against delivery.

Monetary Dialogue with Christine LAGARDE, President of the European Central Bank: opening statements by Aurore LALUCQ (S&D, FR), Chair of ECON Committee, and Christine LAGARDE

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