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TRANSATLANTIC NEWS

Chapter News, News

World Bank | Joint Statement by the Heads of the International Energy Agency, International Monetary Fund, World Bank Group and World Trade Organization

Washington, May 29, 2026: The Heads of the International Energy Agency, International Monetary Fund, World Bank Group and World Trade Organization met on May 28 as part of the high-level coordination group established in April to maximize their institutions’ response to the energy, trade, and economic impacts of the war in the Middle East. Following the meeting, they issued the statement below:  “The war in the Middle East is generating substantial and highly asymmetric impacts on energy supplies, food security,...
Chapter News, News

European Commission | New Scoreboard Shows Success of European Startup Policies

Europe's startup and scaleup ecosystem has been growing steadily, according to the first-ever European Startup and Scaleup Scoreboard (ESSS) published today by the European Commission.  The scoreboard reveals a clear trend: pro-startup policies drive real results. Since 2020, the baseline year for the Scoreboard, 20 out of 27 EU Member States have improved their performance, proving that targeted support for founders fuels innovation, job creation, and economic growth. Where policy leads, founders follow The Scoreboard highlights a direct link between innovation-friendly regulations, access to...
Chapter News, News, Trade & TTIP Related

OECD | G20 Merchandise Trade Rose Sharply in Q1 2026 While Trade in Services Expanded Modestly

Despite disruptions to trade related to the current crisis in the Middle East, G20 merchandise trade expanded strongly in Q1 2026. Measured in current US dollars, both exports and imports increased by 5.3% quarter-on-quarter compared with Q4 2025, driven partly by trade of semiconductors and other high-tech products in East Asia. Preliminary estimates indicate that G20 trade in services1 expanded modestly, with exports rising by 1.7% and imports by 1.5% (Figures 1 and 3). In North America, merchandise trade exports from...
Chapter News, News

ECB | Geopolitical Risk and Scarring Effects on Consumer Expectations: Insights From the Wars in Ukraine and Iran

Blog | Geopolitical shocks influence consumer expectations about inflation and growth. This blog explores how the wars in Ukraine and Iran affect the way households think about the economy and shows how the scars of past experiences amplify reactions to subsequent geopolitical conflicts. Recent movements in euro area consumers’ inflation and growth expectations show that geopolitical shocks influence households’ economic beliefs. Drawing on the ECB’s Consumer Expectations Survey (CES), this blog post compares households’ reactions to the 2022 invasion of Ukraine with...
Chapter News, News, Trade & TTIP Related

Eurostat | Euro Area International Trade in Goods Surplus €7.8 bn

Euro area The first estimates of euro area balance showed a €7.8 bn surplus in trade in goods with the rest of the world in March 2026, compared with +€34.1 bn in March 2025. The euro area exports of goods to the rest of the world in March 2026 were €265.3 billion, a decrease of 5.5% compared with March 2025 (€280.6 bn). Imports from the rest of the world stood at €257.4 bn, a rise of 4.4% compared with March 2025 (€246.5 bn). In March 2026, the euro...
Chapter News, News

IMF | Industrial Policy Is Adapting to Crises, but Remains Hard to Implement Effectively

Blog | As governments intervene more, evidence shows that the benefits are modest and depend on thoughtful design. Industrial policy, the use of government interventions to support or develop specific firms and industries, has grown more popular in recent years—especially in response to crises. The war in the Middle East is the latest example, with high energy prices and geopolitical upheaval prompting action. In addition to economy-wide support measures, such as fuel price caps and reduced excise duties, at least 305...

UPCOMING EACC EVENTS

Pan-European Tax Updates 2026 - Staying Ahead in Europe’s Fast-Moving Tax Landscape

Against the backdrop of the OECD’s recent Side‑by‑Side Package and ongoing implementation challenges around Pillar Two, U.S. multinationals with European operations are reassessing their tax positions, compliance obligations, and long‑term structuring choices. At the same time, Europe’s digital taxation debate is far from settled, with several countries maintaining or revisiting digital services taxes (DSTs) and the United States signaling potential responses. Layered on top of this are significant EU‑level legislative shifts - including the status of key directives and the potential repeal of ATAD2 provisions targeting holding companies with insufficient substance - as well as national‑level reforms across major jurisdictions in Europe.

PRIVATE MEETING | “Café & Korvapuusti” - Open Dialogue About the State of Affairs in Transatlantic Trade

Amid shifting global trade policies - and in a moment when the U.S. administration is reshaping the direction of economic and regulatory priorities - New York’s trade community faces a renewed need to coordinate, and stay ahead of change. In this environment, it is important to come together, compare notes, and exchange insights with colleagues who are navigating similar pressures and challenges. To support this need, EACCNY has launched the Trade Commissioners’ Roundtable, a dedicated forum for New York based Trade & Investment Officers to connect with counterparts from across the EU and North America.

    PARTNER EVENTS

    The European VC Opportunity: What US Investors Need to Know

    Hosted by Wilson Sonsini | Europe is increasingly emerging as an attractive destination for international capital, driven by a maturing venture capital ecosystem, strong innovation pipelines, and evolving investment frameworks.

    Webinar | Don't Leave Value on the Table – Navigate Unsolicited Offers for Your Business

    Hosted by PKF O'Connor Davies | Join us for a live webinar designed for business owners, executives and their advisors who have received — or may receive — an unsolicited offer for their business. In today’s highly active M&A market, inbound interest from strategic buyers and private equity firms is more common than ever, but not all offers reflect the true value of your company or represent the best fit.

      MEMBER NEWS

      Member News, News

      Barnes & Thornburg | USCIS Reframes Adjustment of Status as ‘Extraordinary’ Relief: What U.S. Employers and Foreign National Employees Need to Know

      Highlights The memo characterizes Adjustment of Status as discretionary, not routine. Satisfying every statutory eligibility requirement does not entitle an applicant to approval. Consular processing is now treated as the default pathway. The memo positions consular processing as the norm and Adjustment of Status as the exception as United States Citizenship and Immigration Services (USCIS) characterizes this approach as more consistent with Congress’s intent. Absence of negative factors is insufficient to adjudicate. Applicants may need to affirmatively demonstrate positive factors such as...
      Member News, News

      Trepp | Chief Economist’s Weekly Watch: Jobs Data, Beige Book, & Consumer Credit

      Last week, core Personal Consumption Expenditure inflation ticked up again, while higher energy costs added pressure to headline inflation. The reading comes in Kevin Warsh's first weeks as Fed chair, with a softer labor market and firm inflation pulling the policy outlook in opposite directions. Here are three things to watch for this week. The Jobs Data The Job Openings and Labor Turnover Survey on Tuesday and the May employment report on Friday give the week's read on a low-hire, low-fire...
      Member News, News

      Barquet Stege | Important Immigration Update: New USCIS Policy on Adjustment of Status

      USCIS has announced a new policy that may make Adjustment of Status cases more difficult. Adjustment of Status is the process that allows certain individuals already in the United States to apply for a green card without leaving the country for consular processing. Under the new guidance, USCIS is treating Adjustment of Status as an extraordinary discretionary benefit. This means officers may take a closer look at whether an applicant should be allowed to complete the green card process from...
      Member News, News

      Foley Hoag | Litigating Trade Secret Claims Focused on Generative AI

      AI systems pose distinct challenges for pleading and responding to trade secret misappropriation claims. Their models and code are complex, adaptive, and often opaque. Courts, however, increasingly require plaintiffs to identify secrets with specificity to survive motions to dismiss. Industry participants need to clearly understand where the lines are drawn to avoid, assert, and respond to claims related to AI trade secret theft. AI trade secret allegations have begun to play a role in commercial trade secret disputes. In AlphaSense v....
      Member News, News

      RPJ | Neurodivergence in the Workplace: A Growing Reality for Employers

      Recently, I spoke to a friend of mine who serves as in-house employment counsel for a research facility. As in-house counsel, attorneys have to weigh overall company interests against human resource (HR) considerations, along with potential legal risks.  However, a shift in the understanding and perception of “neurodiversity” has brought another consideration to the forefront. Like my friend’s employer, HR departments across the country are now being called to evaluate their internal functions to determine whether they are equipped...
      Member News, News, Trade & TTIP Related

      Tradewind Finance | Non-Recourse vs Recourse Factoring: What Exporters Need to Know

      Exporters selling internationally often face a difficult balance: offering competitive payment terms while protecting their business from non-payment risk. Factoring helps solve the cash flow challenge by advancing funds against unpaid invoices. However, exporters must choose between recourse factoring and non-recourse factoring. Understanding the difference is essential for managing financial risk in global trade. In a recourse factoring arrangement, the exporter remains responsible if the buyer fails to pay the invoice. Here is how it works: The exporter ships goods and issues an invoice. The factor advances...

      Latest & Leading

      Celebrating Memorial Day

      The EACC New York Executive Director, joined our President and Chair of the American Battle Monuments Foundation, James Rosener, for a beautiful Memorial Day ceremony in Battery Park to commemorate the American and allied soldiers who fought for our freedom in WWII. The celebration was attended by representatives of the Allied Forces and every branch of the US Military that was involved in the battle of the Atlantic that turned the tide in WWII.

       

       

      Member Spotlight

      Osborne Clarke LLP is a London based full service corporate law firm with a team in New York dedicated to working with US companies expanding and growing across Europe and further afield. The New York team of international legal experts provides access to global legal advice within the time zone. The firm has 26 offices spanning the US, Europe and Asia with over 1,100 lawyers experienced in working with US companies in global markets. In addition to the New York team, the firm has two offices on the West Coast in Silicon Valley and San Francisco where they work with the fastest growing technology companies on their international expansion. The firm’s sector practice in New York focuses on working with US companies on their international legal needs in Technology, Media & Communications, Financial Services, Real Estate, Life Sciences and Retail. The firm’s practice areas relevant to US companies doing business in Europe and Asia include: International Expansion, Mergers & Acquisitions, Data Protection, International Tax, Private Client, Litigation, Private Equity, Venture Capital, Employment and Immigration.”

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      EACCNY in Numbers

      Other EACC Chapters

      EACCNY Presidential Circle and Platinum Members

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