Portugal and the United States — the trade, investment and tourism that AmCham has been helping to build for more than seven decades.
In Lisbon, Secretary of State Marco Rubio pointed to subsea cables, energy and data centers as reasons for American tech companies to enter Europe through Portugal. US investors put more than $20 billion into the country over the past year, and the two governments are preparing a CEO Forum.
On AmCham's podcast with ECO, Pestana Group CEO José Theotónio says the group is looking for new properties in the US, where it already has four hotels, in Miami, New York and Orlando. American tourists spent €3.14 billion in Portugal in 2025.
The US economy created just 29,000 jobs in September, against 92,000 expected, and unemployment rose to 4.2%. Markets are now betting on a Fed pause at the October 27–28 meeting, after September's hike.