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EDUCATES

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TRANSATLANTIC NEWS

Chapter News, News, Trade & TTIP Related

The White House | Fact Sheet: President Donald J. Trump Imposes a Temporary Import Duty to Address Fundamental International Payment Problems

PROTECTING THE U.S. ECONOMY AND NATIONAL INTERESTS: Today, President Donald J. Trump signed a Proclamation imposing a temporary import duty to address fundamental international payments problems and continue the Administration’s work to rebalance our trade relationships to benefit American workers, farmers, and manufacturers. President Trump is invoking his authority under section 122 of the Trade Act of 1974, which empowers the President to address certain fundamental international payment problems through surcharges and other special import restrictions. By taking this action,...
Chapter News, News, Trade & TTIP Related

European Parliament | EU–US Trade Legislation: Legislative Work on Hold Following US Supreme Court Ruling

Bernd Lange, chair of Parliament’s International Trade Committee and standing rapporteur for the US, issued the following statement. Following a meeting of the committee’s shadow rapporteurs (i.e. political group representatives), Bernd Lange (S&D, DE) said: “The ruling by the Supreme Court of the United States of 20 February 2026 on the use of the International Emergency Economic Powers Act (IEEPA) is clear and unequivocal. Its implications cannot be ignored, and business as usual is not an option. A key instrument used on the US...
Chapter News, News, Trade & TTIP Related

European Commission | European Commission Statement on the Recent Judgment of the Supreme Court of the United States

The European Commission requests full clarity on the steps the United States intends to take following the recent Supreme Court ruling on the International Emergency Economic Powers Act (IEEPA). The current situation is not conducive to delivering “fair, balanced, and mutually beneficial” transatlantic trade and investment, as agreed to by both sides and spelled out in the EU-U.S. Joint Statement of August 2025. The Commission will always ensure that the interests of the European Union are fully protected. EU companies and exporters must...
Chapter News, News, Trade & TTIP Related

United States Census Bureau | Monthly U.S. International Trade in Goods and Services, December 2025

FEBRUARY 19, 2026 CB 26-31, BEA 26-09 The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $70.3 billion in December, up $17.3 billion from $53.0 billion in November, revised. December exports were $287.3 billion, $5.0 billion less than November exports. December imports were $357.6 billion, $12.3 billion more than November imports. The December increase in the goods and services deficit reflected an increase in the goods deficit of $15.7 billion to $99.3...
Chapter News, News, Trade & TTIP Related

ECB | Global Trade Redirection: Tracking the Role of Trade Diversion from US Tariffs in Chinese Export Developments

Global trade flows were reshaped in 2025 following the introduction of new US tariffs. US import growth weakened sharply, reflecting a strong decline in imports from China. Meanwhile, Chinese exports have surprised to the upside overall, with broad-based growth across destinations outside the United States. A key question is whether this resilience reflects trade diversion in response to the US tariffs, i.e. the reallocation of exports originally destined for one market towards alternative markets, or other adjustment mechanisms, such as...
Chapter News, News

IMF | Stock-Bond Diversification Offers Less Protection From Market Selloffs

Blog  Diversification has become harder since 2020 as stocks and bonds tend to move in tandem during sharp selloffs, adding to financial stability concerns Spreading investments across asset classes can reduce risk and smooth returns. The classic diversification between stocks and bonds worked historically because they moved in opposite directions. When stocks fell, investors sought safety in bonds. Bonds rallied, cushioning losses and stabilizing portfolios. Since the start of the pandemic period—with supply shocks that fueled inflation—bonds have become less effective in...

UPCOMING EACC EVENTS

New Member Welcome Coffee

The European American Chamber of Commerce is a network that brings together Europeans and Americans to engage in an open dialogue. Over the years we have built a community of like-minded European and American business executives who work together to further develop transatlantic trade relations. Our members are an essential part of this work. We therefore invite our new members to meet the EACCNY leadership, staff, and fellow members to help them get a head start - making new connections, exploring potential business opportunities, and becoming acquainted with our network. We also encourage our existing members to join us in greeting our newest members and opening the door to future collaboration.

    PARTNER EVENTS

    Artificial Intelligence for Executives

    Hosted by IESE BUSINESS SCHOOLThe program is led by Prof. Sampsa Samila, Academic Director, and combines faculty insights, real-world cases, and peer learning with executives from diverse industries. Designed for senior leaders who want to move beyond the hype and truly understand how to use AI as a strategic lever in their organizations.

      MEMBER NEWS

      Member News, News, Trade & TTIP Related

      Thompson Hine | President Trump Implements Temporary Import Duties under Section 122 of the Trade Act of 1974 and Continues the Suspension of Duty-Free De Minimis Exception for International Shipments

      On February 20, 2026, President Donald Trump issued a proclamation announcing that he was imposing a temporary import surcharge (i.e., tariff) pursuant to section 122 of the Trade Act of 1974 (19 U.S.C. Section 2132) to address “fundamental international payments problems” that “could impair United States national interests, including economic and national security interests.” Stating that an import surcharge in the form of ad valorem duties is required to deal with large and serious U.S. balance-of-payments deficits, President Trump announced that a temporary surcharge of...
      Member News, News, Trade & TTIP Related

      Perkins Coie | Supreme Court Holds IEEPA Tariffs Unlawful. President Trump Terminates and Partially Replaces all IEEPA Tariffs. What’s Next?

      Key Takeaways The Supreme Court of the United States held Friday that the International Emergency Economic Powers Act (IEEPA) does not authorize the U.S. president to impose tariffs. In response, President Donald Trump issued executive orders and a proclamation that (1) terminate collection of all IEEPA tariffs; (2) impose a new 15% global tariff on all imports under a separate statutory authority, Section 122; and (3) continue the suspension of duty-free treatment of low-value (i.e., de minimis) imports. Whether—and when—importers are...
      Member News, News, Trade & TTIP Related

      Trepp | Supreme Court Tariff Ruling: Implications for Commercial Real Estate

      The Supreme Court’s decision limiting the administration’s use of the International Emergency Economic Powers Act removes the emergency-based foundation of the recent reciprocal tariff structure while leaving other statutory tariffs in place. The ruling effectively lowers the overall tariff burden, pushing the estimated effective tariff rate from 12.7% to roughly 8.3%. It also leaves unresolved whether more than $175 billion in previously collected duties will be refunded, introducing a question that may take time to sort out materialize. Markets responded...
      Member News, News, Trade & TTIP Related

      Barnes & Thornburg | Supreme Court Strikes Down IEEPA Tariffs: Key Takeaways for Importers and What Comes Next

      Highlights Today, the U.S. Supreme Court issued its decision on tariffs imposed under the International Emergency Economic Powers Act (IEEPA). By a 6-3 vote, the Supreme Court determined that IEEPA tariffs are unlawful and unconstitutional. The majority opinion, however, did not discuss whether or how refunds will be issued nor the impact on the framework of U.S. trade deals negotiated with certain foreign countries within the past year (e.g., the European Union and Japan). This decision does not affect...
      Member News, News, Trade & TTIP Related

      Greenberg Traurig | Supreme Court Invalidates Trump Administration’s IEEPA Tariffs

      Go-To Guide: The U.S. Supreme Court (SCOTUS) has ruled that President Donald Trump’s administration (the administration) exceeded its authority when issuing tariffs under the International Economic Emergency Powers Act (IEEPA). Importers who paid IEEPA duties may wish to file protective actions in the Court of International Trade and protests with U.S. Customs and Border Protection to preserve any rights to refunds. On Feb. 20, 2026, in the consolidated case Trump v. V.O.S. Selections and Learning Resources, Inc. v. Trump, SCOTUS struck down the administration’s...
      Member News, News, Trade & TTIP Related

      Jaguar Freight | IMPORTANT NOTICE: U.S. Supreme Court Strikes Down IEEPA Tariffs

      ALERT: Trump's IEEPA Tariffs Struck Down Today, the U.S. Supreme Court struck down the broad “reciprocal” tariffs imposed under the International Emergency Economic Powers Act (IEEPA) in a 6–3 ruling. Here is what this means for importers. The decision invalidates the sweeping IEEPA-based reciprocal tariffs applied broadly across countries and product categories since February 2025. Some tariffs still apply, including: Section 232 tariffs (steel and aluminum), anti-dumping and countervailing duties, and other sector-specific and trade remedy duties. The financial impact extends to an estimated $175+ billion in...

      Latest & Leading

      EACCNY Executive Director moderates Panel at Harvard European Conference

      Yvonne Bendinger-Rothschild moderated  a panel about “Mobilizing Capital and Financing European Innovators” at the European Conference at Harvard University on February 7. Together with Dario Scannapieco, CEO, Cassa Depositi e Prestiti, William Kadouch-Chassaing, CEO, Eurazeo, Karel Lannoo, CEO, CEPS and Clara Andreoletti, CEO EniNext  she discussed how to effectively address the challenges such as the Fragmented Financial Markets across the EU member states, a mismatch between savings and productive Investment, a lack of market offerings and underdeveloped and Long-Term Investment Vehicles to fund the strategic investment needs of the EU. The panel concluded that while more steps such as mobilizing pension funds, further market integration, harmonized rules, unified clearing and CCPs are needed, that the EU is on the right track to fund SME’s and start-ups and create a competitive financial markets to fund Europe’s next chapter as a global innovator.

      Member Spotlight

      With more than 1,100 attorneys in 21 offices across the United States, Asia, and Europe, Perkins Coie represents investors and private funds at all stages of the business lifecycle. We are dedicated to helping clients solve the legal and business challenges of tomorrow. For more than a century, we have represented clients at the forefront of business innovation, from financings and M&A to technology transactions and litigation and beyond. Our practice of law is enriched by our deep understanding of our clients’ businesses and the industries in which they compete. Like our clients, we look forward to new possibilities and frontiers with unwavering intellectual curiosity.

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      EACCNY in Numbers

      Other EACC Chapters

      EACCNY Presidential Circle and Platinum Members

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