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EDUCATES

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TRANSATLANTIC NEWS

Chapter News, News

ECB | A Tale of Two Energy Crises – Initial Conditions Matter

Blog | The current energy shock is significant and global, but it is also hitting a euro area economy that is more balanced than when Russia invaded Ukraine in early 2022. History and analysis show that context matters a lot for how shocks propagate to inflation. Energy prices have risen sharply since early 2026 when war broke out again in the Middle East and the Strait of Hormuz was closed. This big uptick in energy inflation has in turn driven...
Chapter News, News

IMF | Understanding Geoeconomics in a Volatile World

How new economics tools explain global power dynamics Throughout history, powerful nations have used economic leverage to bend others to their will. Florence’s Medici banking dynasty shaped Renaissance politics with its financial dominance, and imperial Britain used trade dominance to bind its empire together and wield power across the globe. Today, the United States freezes access to financial markets or urges its allies to impose export controls on essential technologies, and China threatens restrictions on rare earths to expand its...
Chapter News, News, Trade & TTIP Related

OECD | Steel Excess Capacity Continues to Weigh on Global Markets, with Subsidies Increasingly Undermining Fair Competition

Global steel excess capacity continues to grow, driven by increasing subsidies in some major non-OECD steel-producing economies, while efforts to restore fair competition are increasingly undermined by circumvention of trade measures aimed at levelling the playing field, according to a new OECD report. The OECD Steel Outlook 2026 projects global steel excess capacity to reach 745 million tonnes by 2028, exceeding the OECD’s current steel production by 319 million tonnes. Planned capacity additions of up to 139 million tonnes through 2028 represent...
Chapter News, News, Trade & TTIP Related

EU Council | Steel Overcapacity: Council Greenlights New Rules to Protect the EU Steel Market From Global Overcapacity

The Council today adopted a regulation establishing a new framework to protect the EU steel market from the negative trade-related effects of global overcapacity, as outlined in the Steel and Metals Action Plan of 2025. The new rules will replace the current EU steel safeguard measure, which expires on 30 June 2026, ensuring continued protection for the EU steel sector. " Steel is indispensable to Europe's industrial base, its green transition and its security. With today's adoption, the EU is putting...
Chapter News, News

ECB | Strengthening Operational Resilience for the Age of AI

Keynote speech by Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the Goldman Sachs European Financials Conference 2026 Thank you for inviting me to speak today. Europe is facing a set of unprecedented challenges. The geopolitical environment is becoming increasingly fragmented. Europe remains overly dependent on external providers for energy, technology, security and key financial infrastructures such as payment systems and capital markets. Reducing these dependencies is no longer a...
Chapter News, News, Trade & TTIP Related

IMF |Trade Cooperation in an Age of Geopolitics

Geopolitical rivalry does not end the need for trade cooperation, but the multilateral system must adapt. For decades, the global economy rested on the premise that international trade was beneficial despite geopolitical differences. The rules of the multilateral trading system, established with the General Agreement on Tariffs and Trade (GATT) in 1947 and embedded in the World Trade Organization (WTO) in 1995, were crafted for a world where governments rarely used trade to achieve geopolitical goals. That world is now...

UPCOMING EACC EVENTS

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.

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.

    PARTNER EVENTS

    Webinar | The Buy/Sell Advantage | A Solution for Complex Global Transactions

    Hosted by TecEx | Global transactions involving multiple currencies pose significant challenges for both importers and exporters. Join TecEx for a practical discussion on how Buy/Sell transactions can help bridge the gap between global sellers and local buyers. We’ll unpack how the solution enables End Users to procure locally, pay in local currency, and reduce transaction risk in complex jurisdictions.

      MEMBER NEWS

      Member News, Trade & TTIP Related

      Barnes & Thornburg | Tariffs Update: The Roller Coaster Ride Continues

      Just as some U.S. importers began receiving refunds of duties paid under the International Economic Emergency Powers Act (IEEPA), the tariff refund landscape is shifting again due to a threatened appeal by the U.S. government. At the same time, the administration advanced action under other tariff laws that likely will result in new or expanded tariffs; reduced tariffs on some steel, aluminum and copper derivatives; and directed stricter enforcement of the customs laws. As Refunds Are Received, Complications Arise for...
      Member News, News

      Thompson Hine | Federal Court Strikes Down $100,000 H-1B FEE: WHAT EMPLOYERS NEED TO KNOW

      On June 8, 2026, a federal court in Massachusetts struck down the $100,000 fee that the Trump administration had imposed on employers filing H‑1B visa petitions. The ruling is a major win for businesses that utilize the H-1B program to hire skilled foreign workers in fields like technology, engineering, healthcare, and finance. BACKGROUND Last September, President Trump issued a Presidential Proclamation titled Restriction on Entry of Certain Nonimmigrant Workers. The proclamation required employers to pay a $100,000 fee—on top of existing filing...
      Member News, News

      AlixPartners | AI Shopping Agents: Customer Gains, Retailer Gains, and What Retailers Stand to Lose

      In our first article in this series, What AI shopping agents will mean for customers and retailers, we outlined six imperatives retailers must act on to stay competitive in a fast-evolving landscape. As of late 2025, Amazon had launched Buy for Me, Google had rolled out agentic checkout with Gemini, and OpenAI’s Instant Checkout had gone live with partners including Etsy, Shopify, and Walmart. 2026 has seen agentic e-commerce go mainstream, with the market expected to be worth $236 billion by...
      Member News, News

      Wilson Sonsini | European Commission Publishes Proposal for Act to Reduce Reliance on Foreign Cloud and AI

      On June 3, 2026, the European Commission (EC) released its first draft of a proposed Cloud and AI Development Act (Proposal or CADA), marking a significant step forward in the EU’s efforts to strengthen its digital infrastructure and reduce strategic dependence on non-EU cloud providers. Through the Proposal, the EC aims to strengthen EU cloud, AI, and computing capabilities, and introduces criteria to help public-sector bodies assess whether third-party cloud services are sufficiently protected from foreign control. The Proposal lays the groundwork for a...
      Member News, News

      Trepp | Industrial Sector Sees Record Leasing Activity in Q1

      The national industrial sector recorded 249.8 million square feet of leasing activity in the first quarter, up 14% from a year ago, putting the sector on track for a record year of leasing, according to CBRE. But absorption, or the leasing of previously vacant space, totaled just 43.2 million sf in the first quarter, well below total leasing volume, suggesting that much of the leasing activity came from tenants renewing leases or moving between buildings rather than expanding their footprints. At...
      Member News, News, Trade & TTIP Related

      Troutman Pepper Locke | New Sheriff at the Port: President Trump’s Executive Order Rewrites the Rules on Customs Enforcement

      Key Points President Donald Trump’s “Strengthening Customs Enforcement” executive order directs CBP to overhaul customs enforcement, raising IOR eligibility thresholds and bond requirements for all entries. The executive order draws a bright line between “U.S. IORs” and “foreign IORs,” imposing stricter eligibility, bonding, and informal entry restrictions on foreign IORs and tying benefits to CTPAT validation. CBP must implement a “good standing” regime and overhaul the IOR registry within 180 days, using compliance history and customs liability payment records...

      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

      Berkowitz Pollack Brant Advisors + CPAs has joined Baker Tilly, a leading advisory, tax and assurance firm dedicated to helping clients navigate complexity and achieve sustainable growth. Through its extensive U.S. presence and global network, Baker Tilly supports organizations operating across borders with services spanning assurance, tax, consulting, global trade advisory, supply chain and customs planning, transaction advisory, risk management and digital transformation. Our multidisciplinary teams bring together professionals in accounting, tax, global trade, valuation, risk, technology and business consulting to help clients address complex domestic and international challenges. This integrated approach enables organizations to manage regulatory requirements, optimize global operations and capitalize on growth opportunities in U.S. and international markets.

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      EACCNY in Numbers

      Other EACC Chapters

      EACCNY Presidential Circle and Platinum Members

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