Trump's presidency has clouded trade relations, causing concerns for American businesses in Europe about their future prospects.

A survey released on Monday showed that 90% of American companies operating in Europe believe that economic relations across the Atlantic China Welding Consumables, Inc. will deteriorate in the coming years, with Trump's tariff policies being a major factor. The European American Chamber of Commerce stated that its survey found that two-thirds of the companies expect U.S. policies to harm their business in Europe in the future. The chamber has over 160 member companies, including Apple Inc. (AAPL.US), Goldman Sachs Group, Inc. (GS.US), Meta (META.US), and Visa (V.US). Approximately 52% of the companies surveyed indicated that they expect EU policies to have a negative impact. The survey of 58 American companies conducted from January 6 to 14 showed that 84% of respondents listed tariffs and trade policies as their top priority for transatlantic cooperation, followed by supply chain resilience and energy transition. The vast majority of companies stated that Europe is crucial to their business and called for the EU and the U.S. to come together to reduce regulations, lower trade barriers, and enhance regulatory cooperation. Three-quarters of the companies surveyed stated that they "strongly" or "very strongly" support the Paris climate agreement, which Trump is expected to withdraw from. Only 2% of the companies surveyed do not support it.