The transatlantic economic partnership generates around €5.5 trillion ($6 trillion) in commercial sales a year and accounts for half of total global personal consumption. No place in the world attracts more US foreign direct investment (FDI) than Europe. Since the beginning of this decade, Europe has attracted 62.6% of total US global investment.

Yesterday, the U.S. Chamber of Commerce released annual survey of the jobs, investment, and trade links between the United States and Europe -- The Transatlantic Economy 2021 – in partnership with AmCham EU. This year’s report confirms that the U.S. and Europe remain each other’s most important economic partners despite political turbulence and the COVID-19-induced recession.

Ahead of the European elections, and in light of the difficult state of play in transatlantic trade talks, the U.S. Chamber carried out trip to Europe. Key takeaways as follows: