The U.S. Chamber of Commerce and BusinessEurope are holding a session on the U.S.-Europe economic relationship on November 10, the first plenary day of the B20 USA Summit in Washington. The session, “Transatlantic Business Works: Strengthening the U.S.-Europe Economic Partnership,” runs from 2:00 p.m. to 3:30 p.m. at the Pendry Hotel on The Wharf, according to the summit’s event listing. For companies operating on both sides of the Atlantic, it is the one session this week built around tariffs, standards and supply chains between the two markets.
What is on the program
The listing says the two organizations will bring together senior business leaders to discuss how the partnership can drive economic growth, accelerate innovation and strengthen resilience. It names two panels: “Partners in Innovation: Transatlantic Leadership in Next-Generation Technologies” and “Partners in Resilience: Advancing Transatlantic Supply Chains.” The session page does not list speakers.
Transatlantic Business Works is an established format for the two groups. In April 2024, they hosted a Transatlantic Business Works Summit at the Chamber’s Washington headquarters, with sessions on industrial policy, digital transformation, trade and investment, and energy.
European voices also feature on the main stage. The November 11 plenary agenda includes “G7 Ambassadors: A Roadmap for Growth,” with the ambassadors of France, Germany, Italy and Canada. The summit then closes with “Passing the B20 Torch,” with U.S. Chamber President and CEO Suzanne P. Clark and Rain Newton-Smith of the Confederation of British Industry.
The business asks
On July 22, 2026, the U.S. Chamber and BusinessEurope issued a joint statement welcoming implementation of the U.S.-EU Framework Agreement on Reciprocal, Fair, and Balanced Trade. The statement asks both sides to remove non-tariff barriers and to improve “regulatory cooperation, standards, and market access.” It calls for work toward “alignment and mutual recognition of standards.” It also says: “Both the U.S. and the EU should resist pressure to deploy tariffs as leverage in areas outside the scope of legitimate trade remedy law.”
The statement welcomes the U.S.-EU Technology Dialogue on AI governance, data flows, semiconductor supply chains and digital standards. It also welcomes EU-U.S. cooperation on critical minerals and asks for deeper work on investment, stockpiling, joint research and common standards. On economic security, it calls for closer coordination on trade defenses and joint engagement in the G7, WTO and G20.
The numbers behind the relationship
The Transatlantic Economy 2026, the annual survey of jobs, trade and investment that the Chamber publishes with AmCham EU, describes a $9.8 trillion transatlantic economy. It estimates that 16 million jobs depend directly and indirectly on transatlantic commerce. It puts 2025 U.S. goods exports to Europe at $617 billion and European goods exports to the United States at $840 billion. The survey says the average effective U.S. tariff rate on EU goods rose to 16-18%, which it describes as a fivefold increase on the year before.
The B20’s own recommendations to the G20 cover similar ground. The trade task force, chaired by Dow Executive Chairman Jim Fitterling, lists “Improve capacity, efficiency, and digital maturity of supply chains” as one of its four priorities in the B20 Leaders’ Statement.
Sources
- B20 USA Summit: Transatlantic Business Works session details (U.S. Chamber of Commerce)
- U.S. Chamber, BusinessEurope Welcome U.S.-EU Trade Pact (U.S. Chamber of Commerce, July 22, 2026)
- The Transatlantic Economy 2026 (U.S. Chamber of Commerce, March 16, 2026)
- B20 USA Summit agenda (U.S. Chamber of Commerce)
- B20 USA Leaders’ Statement (U.S. Chamber of Commerce)
- U.S. Chamber and BusinessEurope Host Annual Transatlantic Business Works Summit (U.S. Chamber of Commerce, April 23, 2024)
