WASHINGTON, D.C. – 2025/05/30 20:34:21 – Despite claims by some, including former President Donald Trump, that the European Union was formed “to screw the United States”, European companies continue to be major investors in the American economy. The level of foreign direct investment in America held by EU businesses reached more than $2trn in 2023, representing nearly two-fifths of the country’s total, a meaningful increase from a third just a decade prior.

This investment far exceeds that from any other source. European companies employ approximately 3.5m people in America, surpassing the number of American employees in the EU. The German car industry reports that its members employ 140,000 workers across 2,000 factories in America, producing 900,000 vehicles annually.

The Economic Impact of European investment

The substantial investment from European companies has a wide-ranging impact on the American economy, creating jobs, fostering innovation, and contributing to economic growth. This investment spans various sectors,including manufacturing,technology,and finance.

“to screw the United States”

Understanding Foreign Direct Investment

Foreign direct investment (FDI) is an investment made by a firm or individual in one country into business interests located in another country. FDI plays a crucial role in global economic integration and can bring numerous benefits to both the investor and the host country.