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TRANSATLANTIC NEWS

Chapter News, News

OECD | Global Economic Outlook Weakens Amid Energy Shock and Rising Inflationary Pressures

Watch the live webcast of the press conference. The evolving conflict in the Middle East has become the dominant force shaping global economic prospects, prompting an energy shock that is driving inflationary pressures and is projected to have adverse impacts on growth, according to the OECD’s latest Economic Outlook. Due to the uncertainty around the evolution of the conflict, the Outlook sets out two scenarios: a time-limited disruption scenario, in which energy production and trade in the Gulf economies progressively return to pre-conflict...
Chapter News, News

ECB | Europe Needs to Act to Strengthen the Role of its Currency

Blog | The euro’s international use has grown in recent years, but largely by circumstance rather than by design. In a more contested global monetary system, Europe needs to act deliberately to strengthen the role of its currency – building on solid foundations, keeping pace with global shifts and matching policy ambition with concrete steps. The international monetary system is becoming more contested. Major economies that once trusted the system to work on its own are now actively shaping the...
Chapter News, News, Trade & TTIP Related

IMF | Rethinking Free Trade

US policymakers are rebalancing economic efficiency with national security amid rising geopolitical risk.  When it comes to international trade, countries have always weighed economic efficiency against national security. After World War II, they pursued free international trade through low tariffs in the belief that it was both economically efficient and politically stabilizing. World trade tripled as a share of GDP between 1950 and its peak in 2008, with about half of this trade in intermediate goods, reflecting the importance of cross-border production relationships. Although...
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...

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

    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.

    Strengthening Risk, Controls, and AI Governance for Law Firm Leadership

    Hosted by Anchin | As firms work more closely with banks, clients, and other third parties, expectations around internal controls and IT security are becoming increasingly interconnected. Security reviews today extend well beyond technical safeguards to evaluate the strength of underlying operational and financial controls. Gaps in these areas can expose firms to heightened risk, regulatory scrutiny, and operational inefficiencies.

      MEMBER NEWS

      Member News, News, Trade & TTIP Related

      Troutman Pepper Locke | Government Plans to Appeal Universal IEEPA Tariff Refund Order

      Key Points The DOJ has appealed Judge Richard K. Eaton’s universal refund order requiring CBP to return about $166 billion in IEEPA duties. The government’s three-category framework for IEEPA refunds distinguishes unliquidated entries, finally liquidated entries with CIT suits, and finally liquidated entries without suits, with the last category driving the appeal. Judge Eaton denied the government’s attempt to substitute lower-ranking officials for CBP Commissioner Rodney S. Scott, ordering Scott to testify despite the government’s “apex doctrine” arguments. The...
      Member News, News

      Ogletree Deakins | New Executive Order Calls for Stricter Vetting by Financial Institutions

      On May 19, 2026, President Donald Trump issued Executive Order No. 14406 (“Restoring Integrity to America’s Financial System”), which is likely to impact access to financial services for employees who are not U.S. citizens. Quick Hits On May 19, 2026, President Trump issued an executive order calling for stricter due diligence requirements when financial institutions vet customer applications. The executive order requires banks and financial services companies to treat customers’ immigration status as a factor in evaluating potential financial risk. ...
      Member News, News, Trade & TTIP Related

      CLA | The Business Impact of Trump’s Tariffs: What to Know Now

      Key insights President Donald Trump's tariffs have reshaped U.S. trade policy and international trade dynamics, with significant impact on global supply chains. The Supreme Court now ruled that tariffs imposed under emergency powers are unconstitutional without congressional authorization – and a subsequent court order has set a process in motion for importers to pursue refunds on qualifying entities. Learn about the potential wide-ranging economic impact on key industries and how it could affect your business and operations. This is...
      Member News, News

      McHattie Law | Who Owns It? – AI Part I

      Ownership, Authorship, Inventorship and Piano Rolls - The Intersection of Artificial Intelligence and Innovation So, lines and lines and lines of code are being created by AI, solving problem after problem, but who owns it? In fact, does anyone own what artificial intelligence is generating, creating, or inventing? The AI explosion has raised the rather urgent question of who (if anyone, or anything), legally, owns AI generated output. From recent statements of policy and case law emerging from the Courts, the USPTO...
      Member News, News

      KeyBank | Business Email Compromise (BEC): A Highly Deceptive and Destructive Scam

      The widespread reliance on email has made it a prime target for cybercriminals. Over the past few years, a form of cyberattack known as business email compromise (BEC) has escalated in frequency and impact, causing significant financial and reputational damage to victim companies.  What is business email compromise? BEC is an email-based fraud scheme that often unfolds over several weeks or months. Cybercriminals target businesses by infiltrating or mimicking employee email accounts to pose as a known contact or existing...
      Member News, News, Trade & TTIP Related

      Noerr | New Trade Agreements with Mercosur and Mexico – Strategic Considerations for European Investors

      The EU’s new agreements with Mercosur and Mexico open major opportunities for European investors. For foreign investment protection, investors, however, still have to rely on older international investment agreements and contract-based protection. Investors should be aware of investment risks and proactively protect their investments - through treaty planning, careful structuring and robust contracts. Mercosur and Mexico: Two Key Markets for European Investors Mercosur and Mexico are major markets for European investors that appear to be particularly interesting in times of global...

      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 is full-service international law firm providing a comprehensive and pragmatic global legal solution for US businesses. Established in Silicon Valley in 2000, Osborne Clarke was one of the first European law firms with a permanent US presence. Today, their US-based team across New York and the Bay Area helps US businesses navigate international growth with practical, in-time-zone support. Osborne Clarke’s team does not practice US law and instead focuses on overseas legal issues – giving clients direct access to deep European and international expertise. The firm has 25 international locations spanning across Europe, Asia and the US, with over 1,640 lawyers and 330 partners experienced in working with a variety of companies in global markets. Osborne Clarke’s cross-border capabilities include Transactions, Regulatory, Disputes, Global Compliance, Data & Technology, International Expansion, International Employment & HR, Global Contracts, IP & Patent Support, Real Estate, Finance & Banking, and Global Tax. In addition, sector expertise includes Tech, Media & Telecoms, Energy Transition, Life Sciences & Healthcare, Financial Services, Retail & Consumer, Mobility, Infrastructure, and The Built Environment.

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      EACCNY in Numbers

      Other EACC Chapters

      EACCNY Presidential Circle and Platinum Members

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