Millions of jobs depend on the EU-US trade relationship.
90% confidence
EconomyInternational
Omissions
The claim uses the vague lower bound 'millions' without specifying a precise figure. The most comprehensive estimate — 16 million direct and indirect jobs across the transatlantic economy (AmCham EU, 2024 estimate) — is substantially larger than the minimum threshold implied by 'millions.'
The claim does not distinguish between EU jobs, US jobs, or both. The evidence shows millions of jobs on both sides of the Atlantic are dependent on the relationship.
The CEPR figure of 5.2 million EU jobs supported by exports to the US is from 2022 data, and the AmCham EU 16 million figure is a 2024 estimate published in March 2026 — after the reference year but before the session date.
Sources
PrimaryEuropean Commission — EU trade relations with United StatesUS exports of goods and services to the EU support 2.6 million jobs in the US, and EU firms' investments in the US employ 2.4 million people. EU and US firms have €4.8 trillion worth of investment in each other's markets (2024 data).
SecondaryAmCham EU — The Transatlantic Economy 2026Direct and indirect jobs dependent on transatlantic commerce: 16 million (est. 2024). Employees of European companies in the US: 5.3 million.