The transatlantic relationship is essential

The US remains the single most important trade and investment partner for the EU, with each highly dependent on the other as a source of investment, as an export market, and a source of intermediate inputs into production.

There is a strong mutual dependence among manufacturers on both sides of the Atlantic. The ability to invest in production in each others’ market and draw on transatlantic supply chains is essential for maintaining global competitiveness in all manufacturing sectors.

Source: Eurostat; OECD