The uncertainty caused by the current tariff measures is having a noticeable impact on the power transmission engineering companies' willingness to invest. Both buyers and sellers are reluctant to invest, which is reflected in a decline of incoming orders and delayed investments. In contrary to the expectation that tariffs would motivate foreign companies to expand their production in the USA, the current situation is leading to a wait-and-see attitude in the industry.

Especially as many European component manufacturers have also invested in the USA in the past.

The announced pause on reciprocal tariffs is therefore a welcome step towards stabilizing the global economy. Reliable framework conditions are crucial for functioning trade and supply chains. Tariffs ultimately act like taxes and harm companies, customers and consumers on both sides of the Atlantic.

We trust on a constructive dialog with the US to enable smooth and mutually beneficial trade. The historically grown relationship with our American partners will provide a good basis for it. 
The European Power Transmission Engineering trusts in a workable compromise between the USA and the European Union. The protection of companies, employees and consumers remains the top priority for both - the USA and Europe.

André Thuswaldner
EUROTRANS President and Entrepreneur