Millions of Americans cast their vote on November 3, 2020, and Joe Biden has been projected the winner of the US Presidential Election 2020. This page provides an in-depth analysis of developments surrounding the US Election and the next US Administration's impact on transatlantic trade and business.

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US Presidential Election: Restoring Trust for Successful Trade and Economic Growth on both Sides of the Atlantic


AmCham Germany on Joe Biden’s victory

Berlin, November 9, 2020 – The American Chamber of Commerce in Germany (AmCham Germany) congratulates president-elect Joe Biden on his victory in the US presidential election. The new political leadership should put the deepening of the transatlantic economic relations back into the forefront in order to jointly overcome the corona pandemic. 

Only through transatlantic cooperation can prosperity on both sides of the Atlantic be ensured. This includes the dismantling of trade barriers and the functioning of the World Trade Organization (WTO), which should be ambitiously promoted by the next US administration. The American economy has benefited for decades from international trade and an open investment climate. Especially in times of the Corona pandemic, protectionism should not be the dominant factor in the political decision-making process, because the economic success of Europe and the United States is fundamentally dependent on the openness of both economies.

Open and value-based transatlantic relations as a priority
"Restoring trust on both sides of the Atlantic is the key to successful transatlantic trade and prosperity in Germany and the US," says Frank Sportolari, President of AmCham Germany. "The US administration under Joe Biden should prioritize open and value-based transatlantic relations to help transatlantic businesses rebuild their economies."

"With the appointment of Joe Biden, the American people have elected a president who has decades of experience in politics," Sportolari adds. "That is why I trust that he will provide solutions to the economic and social challenges that we are facing.’’
"It will be more important than ever to unite the deeply divided American society and strengthen the country through reforms. This includes investment in education, training and infrastructure. These investments form the basis for rule-based and free trade. AmCham Germany is confident that Joe Biden will work to promote the transatlantic partnership," states Sportolari.

Engage as a responsible partner
A close partnership between Europe and the US, in which both partners can rely on each other, is essential. According to a survey of AmCham Germany's member companies, Germany remains an attractive location for American companies – a sentiment that has even gained in attractiveness during the Corona Pandemic – and is the US's most important trading partner in Europe. Conversely, the US is the largest consumer of German exports. It is important to operate as responsible partners and to mutually promote a positive attitude in order to maintain confidence in the markets.

 

Download the press release in English here

Download the press release in German here

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Information Hub


Our US Presidential Election Information Hub keeps you updated on the latest developments concerning the US Election and its impact on transatlantic business. Here, you'll find results from surveys with our members on election developments, answers to frequently asked questions, information about events and reading recommendations. We'll also provide you with the latest information about new activities at AmCham Germany, such as virtual events. 

*AmCham Germany is part of the virtual event series Road to Election Night & Beyond. Below you will find AmCham Germany and Road to Election Night events and the registration links for all the events in conncetion with the US Presidential Election 2020.

 

Insights Call Webinar | 2020 US Presidential Election Outlook

  • Date | Tuesday, September 22, 2020 | 4:00 PM – 5:00 PM

  • Speaker | former Senate Majority Leader Senator Tom Daschle

  • Host | The Daschle Group, a Public Policy Advisory of Baker Donelson

  • Register here.

 

Road to Election Night & Beyond | Knowing Each Other? Mutual Perceptions Across the Atlantic

  • Date| Wednesday, September 23, 2020 | 5:00 PM – 6:00 PM

  • Speaker | Dr. Emily Haber, Ambassador of the Federal Republic of Germany to the United States and John Emerson, Former Ambassador of the United States to Germany, Chairman of the American Council on Germany

  • Register here.

 

14th Transatlantic Business Conference (Virtual)

  • Date | November 12, 2020 (03:00 PM - 06:30 PM)

  • Panel 1 | US Election: What Can We Expect Now?

  • Panel 2 | The Road to Economic Recovery: The Transatlantic Partnership Post COVID-19

As part of its ongoing communications activities, AmCham Germany will be conducting frequent surveys among its members on the US Presidential Election 2020. The first member survey was conducted in September 2020 with a second survey conducted shortly after the election in November 2020.


Member Survey on the US before the Presidential Election - September 2020

Main takeaways:
 

  • According to survey participants, the next US Administration after the election should focus on free trade, healthcare, infrastructure and energy policy.
  • The majority of surveyed members believe that prospects for a transatlantic free trade agreement could improve under a possible Biden Administration.

Read our press release and view the entire survey results.

 

Member Survey on the US after the Presidential Election - November 2020

Main takeaways:
 

  • The majority of surveyed members believe that the results of the US Election 2020 will have a positive impact on transatlantic business.
  • Almost all respondents believe that concrete policy changes will occur, including a recommitment to global climate goals, a COVID-19 economic stimulus plan and a reduction in trade barriers.
  • Over two-thirds of our members believe the election results will increase the attractiveness of the US as a business location.

Read our press release and view the entire survey results.