A significant majority of German companies are expressing apprehension about the recently negotiated European Union-United States trade deal, highlighting growing tensions between business interests and diplomatic initiatives. According to a recent survey by the German Chambers of Commerce and Industry (DIHK), nearly 60% of German firms anticipate increased burdens from the new trade arrangement [1].
The European Commission has expressed surprise at Germany's public criticism of the trade deal, particularly since Berlin had been supportive of the EU's approach in private discussions for months. This unexpected shift in position has created diplomatic tension between EU institutions and one of its most influential member states [2].
The concerns primarily center around regulatory complexity and potential administrative burdens that German businesses expect to face under the new agreement. Economic experts, including Luis Garicano, have highlighted issues regarding growing regulatory complexity and arbitrariness in the trade framework [3].
Despite these concerns, efforts to strengthen transatlantic business relationships continue in various sectors. The upcoming inaugural Transatlantic Summit in New York City this October represents a significant step toward fostering stronger economic ties between the regions [4].
The aviation sector appears to be moving forward positively, with recent developments including the UK competition watchdog concluding its investigation into the American Airlines and IAG transatlantic deal [5], and Aer Lingus planning to expand its transatlantic services [6].
- Nearly 60% of German firms expect EU-US deal to burden them more, finds DIHK
- Commission ‘surprised’ by German criticism of EU-US trade deal
- Regulatory Complexity and Rents
- Introducing the Inaugural Skift Transatlantic Summit This October
- UK Watchdog Ends Probe Into American Airlines and IAG Transatlantic Deal
- Aer Lingus weighs Pittsburgh flights
