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TRANSATLANTIC NEWS

Chapter News, News

IMF | Rising Global Imbalances Underscore Need to Confront Domestic Distortions

Blog | Sustained rebalancing requires policy action in both surplus and deficit countries Global current account balances increased further in 2025, driven primarily by China, where the current account surplus recorded the largest widening in at least two and a half decades. This was offset by some narrowing in the United States and the euro area. As our latest External Sector Report shows, China’s current account surplus increased by about $300 billion last year, the largest widening in absolute terms since at least...
Chapter News, News

ECB | Demand or Supply-Driven? How Firms View Inflation Right Now

Blog | Energy prices are surging again, pushing up inflation in the euro area. This ECB Blog post examines whether firms are attributing this to a demand surge or to supply constraints. Two approaches – textual analysis and empirical models – can help make the picture clearer. For central banks, whether inflation stems from demand or supply makes a crucial difference. Demand-driven inflation (sometimes called demand-pull inflation) calls for a firm policy response. Meanwhile, supply-driven inflation (also known as cost-push inflation)...
Chapter News, Trade & TTIP Related

UNCTAD | Global Trade Continues to Expand Amid Rising Price Pressures

This edition of the Global Trade Update examines the strong but increasingly uneven expansion of international trade in the first half of 2026. Global goods trade is estimated to have reached approximately US$13.7 trillion in the first half of 2026, up 12.5 % from the same period in 2025. Services trade grew by 10.5 %. Together, goods and services added around US$2 trillion to global trade, putting it on course for a record annual value. Higher prices inflate trade growth A significant...
Chapter News, News

European Commission | Speech by Commissioner Kubilius at “EU Defense Night”

Good evening, It's always great to be back in America and to be here among friends: friends of Europe, friends of defence. Friends of football. The World Cup is over. And tonight we have the next big event in America: EU Defence Night! It's humbling to speak to you from the same stage as many world leaders: Konrad Adenauer, Henry Kissinger and George H. W. Bush. And Margaret Thatcher, Vaclav Havel. When Bill Clinton spoke here, he spoke here for more than an...
Chapter News, News

European Commission | Google Fined €890 Million for Breaches of the Digital Markets Act

The European Commission took two decisions finding non-compliance by Google with the Digital Markets Act (DMA) for self-preferencing its own services on Google Search, and for putting in place restrictions on businesses to direct consumers to alternative, often cheaper, purchase channels on Google Play (steering). In this regard, the Commission issued Google a fine of €460 million and a fine of €430 million respectively.   Self-preferencing on Google Search Under the DMA, gatekeepers must not treat their own services more favourably in...
Chapter News, News

ECB | Energy shock: Why Oil and Gas Prices Have Risen Less Than Expected

The ECB Blog | Why have energy prices risen less during the Iran war than after Russia’s invasion of Ukraine? This ECB Blog post compares the two episodes and explains the role of market buffers, demand and competition for LNG shipments. The wars in Ukraine and Iran have both led to significant energy shocks and, as a result, rising energy prices. Yet the two shocks differ markedly in terms of both scale and market impact. Most notably, although the disruptions to...

UPCOMING EACC EVENTS

Transatlantic Energy Strategies at a Turning Point: Markets, Geopolitics, and Infrastructure Investment Needs

Global energy markets are undergoing a period of profound change. Geopolitical tensions, shifting supply chains, and the accelerating demands of the AI and digital‑technology revolution are reshaping how nations think about energy security, affordability, and long‑term resilience. As electricity consumption rises and competition for reliable resources intensifies, both Europe and the North America face pressure to diversify their energy mixes and modernize aging infrastructure.

    PARTNER EVENTS

    Transatlantic Business & Investment Conference 2026

    Hosted by The Transatlantic Business & Investment Council | The TBIC Transatlantic Business & Investment Conference returns to Texas for its tenth anniversary edition. After hosting our first conference in Frisco, we are excited to celebrate this milestone year in Houston, one of the most dynamic and diverse economic regions in the United States. The 2026 conference will once again bring together economic developers, European companies, industry experts, and members of the TBIC network for a full day dedicated to foreign direct investment, transatlantic cooperation, and practical insights for communities and businesses alike.

    WEBINAR | Infrastructure Evergreen Fund Structures: Practical Considerations

    Hosted by Arendt | Evergreen fund structures are attracting increasing interest in the context of long-term investments. For infrastructure assets in particular, they offer compelling opportunities and raise important questions around structuring, investor onboarding, liquidity and remuneration.

      MEMBER NEWS

      Member News, News

      Bannockburn | Greenback Consolidates after Being Rocked by the US Fed and Japan’s Ministry of Finance

      The Federal Reserve’s reluctance to take action despite pledges to respect the inflation target, which has not been met in over five years, put the dollar under pressure. Then yesterday, it appears that Japanese officials may have intervened in the foreign exchange market, and as was the case earlier this year, the Federal Reserve reported checked on prices and indicated they were doing so at the request of the US Treasury.  If true, it illustrates a notable difference between Japan,...
      Member News, News

      Barnes & Thornburg | First Circuit Denies Government’s Request to Stay Decision Striking Down $100,000 H-1B Fee

      Highlights On July 24, the U.S. Court of Appeals for the First Circuit denied the federal government’s motion to stay a lower court order that vacated the $100,000 supplemental fee on certain H-1B visa petitions. The court found the government failed to make a strong showing of likely success on the merits, concluding that the Immigration and Nationality Act does not clearly authorize the executive branch to impose a $100,000 H-1B fee. With the stay denied, the district court’s...
      Member News, News, Trade & TTIP Related

      ING | US Import Ban on New Inverters Adds Fresh Pressure to Clean Power Supply Chain

      The new import ban adds medium-term uncertainty to clean power supply chains. Existing approved inverters are unaffected, but new foreign imports will be blocked. The measure could raise costs and further complicate supply chain strategies, but without materially altering the US renewables outlook. The US clean power supply chain, already under strain, is facing another headwind. As solar and battery project developers grapple with tariffs and foreign entity of concern (FEOC) requirements to maintain tax-credit eligibility, the Federal Communications Commission (FCC) announced...
      Member News, Trade & TTIP Related

      Jaguar Freight | Trade Update: What You Need to Know About the New Section 301 Tariffs

      Jaguar Freight would like to share additional information regarding the new Section 301 tariff announcement by the U.S. As you're likely aware, as of July 24, most imports from 60 countries got more expensive. Here is a breakdown. The impacted HTS numbers are listed in the just-published Federal Register Notice. Check it against your entries now. Duty paid at the wrong rate is recoverable, but only if you catch it, and refund timelines run in months, not days. Compliments of Jaguar Freight -...
      Member News, News

      PKF O’Connor Davies | The 2026 FIFA World Cup: Final Whistle. Lingering U.S. Tax Issues

      Key Takeaways U.S. tax exemptions for FIFA prize money apply to national associations, but players, coaches, agents and foreign businesses remain subject to U.S. tax and withholding rules. Compensation allocation for matches, training, media and promotional activities affects U.S.-source income, state tax obligations and treaty benefits, making accurate service-day tracking essential. Post-tournament tax compliance includes reviewing withholding, claiming foreign tax credits, filing Form 1040-NR and state tax returns and addressing cross-border tax obligations and refund opportunities. After weeks of competition...
      Member News, News, Trade & TTIP Related

      Gunnercooke | 60 economies, 1 night’s notice

      How USTR’s forced labor Section 301 tariffs impact entry filers If you went home Thursday evening with a clean entry-summary queue, you came back Friday to a different tariff schedule. Overview On Friday, July 24, 2026, the U.S. Trade Representative’s final action took effect for 60 parallel investigations under Section 301 of the Trade Act of 1974. The theory of the case was unusual, as USTR targeted the failure of each trading partner to impose and effectively enforce its own ban...

      Latest & Leading

      New Micropodcast Series: What’s Happening Across the Atlantic

      The EACCNY is happy to announce the launch of its “What’s Happening Across the Atlantic” series, an initiative that aims to offer our members and wider audience hands-on updates on current affairs and policy developments on both sides of the pond. In these 3-5 minute segments, EU and US policy makers and experts along with a select group of EACCNY members will answer a single timely question: What’s Happening Across the Atlantic” focusing on a specific topic that is relevant to our audience.

      Member Spotlight

      For more than 50 years, Wilson Sonsini Goodrich & Rosati has offered a broad range of services and legal disciplines focused on serving the principal challenges faced by the management and boards of directors of business enterprises. The firm is nationally recognized as a leader in the fields of corporate governance and finance, mergers and acquisitions, private equity, securities litigation, employment law, intellectual property, and antitrust, among many other areas of law. With deep roots in Silicon Valley, Wilson Sonsini Goodrich & Rosati has offices in Austin; Beijing; Boston; Brussels; Hong Kong; Los Angeles; New York; Palo Alto; San Diego; San Francisco; Seattle; Shanghai; Washington, D.C.; and Wilmington, DE.

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      EACCNY in Numbers

      Other EACC Chapters

      EACCNY Presidential Circle and Platinum Members

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