08 Aug
Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | Impact of U.S. Import Tariffs on the Port of Antwerp Bruges

Strong trade relationship with the United States The United States has been one of Port of Antwerp-Bruges’ most important trading partners for over two decades. In 2024, the US accounted for approximately 10% of the port’s total maritime cargo traffic, with a trade volume of 28 million tonnes. Both import and export took place on a large scale, with slightly more imports than exports. • Container traffic was the largest segment in transatlantic trade, totaling over 14 million tonnes of goods. Exports...

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08 Aug
Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | President Trump advances trade agenda with updated tariffs, announces additional trade agreements

What happened? Since the Trump administration’s July 7 announcement delaying implementation of reciprocal tariffs from July 9 to August 1, the United States has reached preliminary framework trade agreements with the European Union (EU), Japan, Indonesia, and the Philippines (see PwC's Tax Insights dated July 11, July 18, and July 30). Preliminary trade agreements with China and Vietnam also have been reached and a trade agreement with the United Kingdom has been finalized. Following the release of our July 30...

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08 Aug
Member News

Bannockburn Capital Markets | US Tariffs Roil Gold Futures, while Greenback Steadies

Overview: Most the dollar's late sell-off yesterday after the White House endorsed Stephen Miran to fill the remainder of Governor Kugler's term at the Federal Reserve has been recouped today. In mostly narrow ranges, the greenback is firmer against the G10 currencies but the Canadian dollar and sterling. The dollar is also trading with a stronger bias against emerging market currencies. China reports its CPI and PPI figures tomorrow, and next week's US July CPI is expected to have risen...

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08 Aug
Chapter News, New York Related News

NY Fed | Inflation Expectations Tick Up; Consumers More Optimistic about Taxes and Their Financial Situations

NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the July 2025 Survey of Consumer Expectations, which shows that households’ inflation expectations increased at the short and longer-term horizons and were unchanged at the medium-term horizon. Consumers expect smaller growth in their tax payments and are more optimistic about their household financial situations. Expectations about the labor market were mixed with consumers reporting greater likelihoods of losing and finding jobs, and a lower likelihood of...

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07 Aug
Chapter News

ECB | Higher defence spending and its impact on household expectations

Prepared by Adam Baumann, Cristina Checherita-Westphal, Georgi Kocharkov, Steffen Osterloh Published as part of the ECB Economic Bulletin, Issue 5/2025. Fiscal policies in the euro area are increasingly shaped by a focus on defence spending in response to heightened geopolitical tensions. The February 2025 Munich Security Conference, the launch of the European Commission’s Preparedness Union Strategy in March and the conclusions of the June 2025 NATO Summit all underscored EU governments’ commitment to increasing defence spending. This box uses data from the ECB Consumer...

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07 Aug
Chapter News, New York Related News, Trade & TTIP Related

New York State Governor | By the Numbers: On the White House’s Tariff Deadline, Governor Hochul Underscores the Detrimental Impact of Trump’s Trade War on New Yorkers’ Wallets

Governor Hochul today released new data on the expected impact of President Trump’s trade war on New Yorkers’ wallets. On the August 7 tariff deadline, Trump is overseeing historic price hikes on everyday essentials, forcing families to spend an estimated $4,200 in additional federal taxes — all against the backdrop of a national affordability crisis. “As Trump rings in his August 7 tariff deadline, everyday New Yorkers know today is no cause for celebration. Consumers are bearing the brunt of...

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06 Aug
Chapter News

ECB | Consumer confidence and household consumption decisions

Prepared by Adam Baumann, Luca Caprari, Maarten Dossche, Georgi Kocharkov and Omiros Kouvavas Consumer confidence plays an important role in determining economic activity. Thanks to timely availability and close co-movement with economic activity, analysts and policymakers closely monitor consumer confidence indicators to help them assess the strength of the economy (Barsky and Sims, 2012; Dees and Brinca, 2013; Ludvigson, 2004). They typically summarise information about consumers’ perceptions of current and future economic conditions and expectations for households’ financial situations and their...

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06 Aug
Member News

Barnes & Thornburg | The Transatlantic Divide Widens: U.S. vs EU 2025 Sustainability Policy

While the United States (U.S.) had begun to diverge from the European Union (EU) on sustainability policy in 2024 due to political and legal shifts, that trajectory accelerated in 2025. Under the current administration, the U.S. has taken a markedly different path from the EU in addressing climate change, renewability, and environmental, social and governance (ESG) priorities. As the EU continues to advance green development goals, enforce disclosure mandates and strengthen international climate commitments, the U.S. has pursued broad deregulation,...

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04 Aug
Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | The Big, BeaEUtiful Trade Deal

By Ian Hunter, Director, OCO Global US–EU tariff pact rewrites the map for energy, autos and chips. On July 27, 2025, President Donald Trump and European Commission President Ursula von der Leyen stepped out from closed-door talks in Scotland with a tentative handshake and a headline-grabbing accord. Trump declared it “a great deal for American energy, American jobs, and American strength.” Von der Leyen called it “a compromise to protect European competitiveness.” The compromise? A 15% U.S. baseline tariff covering about 70% of EU goods,...

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04 Aug
Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | Tariff Surge: Trade Deals Announced, US Increases Canadian Tariffs and Amends Reciprocal Tariffs

By Daniel Anziska and Ryan Last On July 31, 2025, President Trump issued two executive orders that further refine U.S. trade policy. The first executive order, “Further Modifying the Reciprocal Tariff Rates” (the RT Order), adjusts tariff rates for various countries based on trade negotiations and economic alignments, while the second executive order, “Amendment to Duties to Address the Flow of Illicit Drugs Across Our Northern Border” (the Canadian Order), increases duties on Canadian goods imported into the U.S. that...

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