On April 2, the US announced the imposition of a 20% tariff on most imports from the EU. In response, AmCham Latvia stands with other AmChams in Europe in advocating for free and fair trade, emphasizing the need to resolve trade disputes through dialogue and cooperation.

While initial estimates suggest a limited direct impact on Latvia’s exports, the broader effects of supply chain disruptions across various industries could be substantial. To support its members, AmCham is launching an educational initiative to help its members navigate the evolving trade landscape.

According to the newly published report The Transatlantic Economy 2025, the EU and the US share a deeply interconnected and mutually beneficial economic relationship worth EUR 8.7 trillion (USD 9.5 trillion). Negotiating and reaching a balanced agreement that preserves the benefits of transatlantic trade and investment is essential. AmCham remains committed to fostering a favorable trade environment, supporting open dialogue, and strengthening transatlantic ties to ensure lasting prosperity for businesses and communities on both sides.