Rising EU-US trade tensions raise concerns for European automakers over jobs, investment, and economic growth.
in ACEA, 03-04-2025
“We are deeply concerned about the escalation of trade tensions in the world. European automakers are committed to being active in the US, making an important contribution to the US economy, accounting for around half a million jobs* across the auto sector, exporting over 750,000 vehicles to the US in 2024, and actively investing in local communities to foster economic prosperity,” said Sigrid de Vries, Director General of the European Automobile Manufacturers’ Association (ACEA).
“We urge our leaders to meet urgently so that they can find a solution to any issues preventing free and fair trade between historic allies and allow the EU-US relationship to flourish once again.”
*Acc. to the Center for Automotive Research (CAR) – Multiplier 10.1 for manufacturing jobs
Rising EU-US trade tensions raise concerns for European automakers over jobs, investment, and economic growth.
About the EU automobile industry
- 13.2 million Europeans work in the automotive sector
- 10.3% of all manufacturing jobs in the EU
- €383.7 billion in tax revenue for European governments
- €106.7 billion trade surplus for the European Union
- Over 7.5% of EU GDP generated by the auto industry
- €72.8 billion in R&D spending annually, 33% of EU total
