Blocking EU-US trade would cost billions and put jobs at risk

The EPP Group calls on the European Parliament to approve the EU-US trade agreement immediately to protect jobs, support businesses, and safeguard Europe’s economic and strategic interests. Every year that the deal is delayed costs EU importers and consumers around €5 billion in duties, prolongs uncertainty in a €1.6 trillion transatlantic trade relationship, weakens key industries, and puts jobs, investments and Europe’s strategic security at risk for no economic gain.

The agreement has been signed, endorsed by the EU Member States, and largely implemented by the United States. Blocking or reopening elements beyond Parliament’s competence would only increase instability and undermine Europe’s credibility. Moving forward restores business confidence, reduces unnecessary costs, and safeguards Europe’s industrial and agricultural interests.

“The EPP Group seeks to restore momentum in EU-US trade relations by providing certainty for European businesses and reinforcing the transatlantic partnership,” said Željana Zovko MEP, the EPP Group’s negotiator for trade relations with the United States. “Our businesses cannot wait, and neither can our economy. We must move forward now and deliver on the commitments made in the Joint Statement.”

“The EPP supports easing tensions and protecting the transatlantic economic relationship, while continuing to address remaining concerns,” added Jörgen Warborn MEP, the EPP Group's spokesman for international trade. “At a time of rising geopolitical tensions, a rules‑based trading system and greater stability are essential for the businesses and citizens that depend on EU–US trade.”