BRUSSELS (Reuters)

Nine out of 10 U.S. firms operating in Europe believe transatlantic economic relations will worsen in coming years, primarily due to incoming U.S. President Donald Trump’s expected policies, including tariffs. This information comes from a survey published on Monday.

The American Chamber of Commerce to the European Union (AmCham EU), which represents over 160 member companies such as Apple, Goldman Sachs, Meta, and Visa, conducted the survey. It revealed that two-thirds of the respondents expect U.S. policies to negatively affect their operations in Europe moving forward.

Furthermore, 52% of the survey participants anticipate a adverse effect from EU policies as well.

Conducted among 58 U.S.-controlled members between January 6 and January 14, the survey indicated that 84% of those surveyed prioritize tariffs and trade policy for transatlantic cooperation, followed by the need for resilience in supply chains and the energy transition.

A significant majority of the companies view Europe as essential to their operations and have urged both the EU and U.S. to collaborate in order to reduce regulations, decrease trade barriers, and enhance regulatory cooperation.

Three-quarters of the companies surveyed expressed strong or extreme support for the Paris climate agreement, from which Trump is expected to withdraw, with only 2% opposing it.