27 May
Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | New Guidance for Canadian Businesses on Tariff Remission Eligibility and Support Programs

Written By Jessica Horwitz, Sabrina A. Bandali, Alison FitzGerald, and George Reid, Partners at Bennett Jones, assisted by Rajat Beniwal This blog was published on May 22, 2025 and is accurate as of that date. The tariff landscape is evolving quickly. Please contact one of the authors or a member of the Bennett Jones International Trade and Investment group for the most up-to-date guidance on US tariffs and Canadian surtaxes. It has been a tumultuous spring for businesses involved in trade between Canada...

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27 May
Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – LA/ LB and the 90-day tariff pause, growing European port congestion, reinstatement of reciprocal tariffs, air cargo demand between China and US, and potential security vulnerabilities introduced with AI.

Despite fears of a tsunami of containers hitting the Port of Los Angeles, its executive director is downplaying them. Admitting to a likely increase during the temporary 90-day pause in U.S.-China tariffs, he anticipates volumes will remain below the pandemic peak, partly because elevated freight rates could keep importers cautious. April saw a 9.5% year-over-year rise in throughput, but early May imports dropped 30% due to tariff uncertainties. Additionally, he expects a brief period of 70–80% of normal volume during the...

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23 May
Member News

Citi | Invest USA: The Reshaping of Global Capital Flows

This Citi GPS report focuses on Foreign Direct Investment (FDI) into the U.S. and how the rapidly shifting dynamics of global capital movements might affect it. Whereas most other regions saw declines in 2024 vs 2023, the U.S. enjoyed a double-digit growth of 13%, while also recording the highest growth in greenfield projects. It is also worth noting that while the U.S. was the largest recipient country of the global FDI inflows, it was also the biggest giver by far...

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23 May
Chapter News

European Commission | Net-Zero Industry Act to further accelerate decarbonisation technologies manufacturing in the EU

Today, the European Commission has taken further steps to support the EU's transition to a low-carbon economy. Four new pieces of secondary legislation and a communication relating to the Net-Zero Industry Act (NZIA) will help the EU's industry to become more resilient, competitive and reduce their carbon footprint. These rules clarify which manufacturing projects can benefit from specific provisions in the Act, such as on permitting, strategic project status and on non-price criteria. They will help scale up the manufacturing of net-zero technologies that reduce greenhouse gas emissions, and leverage the competitive advantage of the EU's clean tech industry.  The Commission has today adopted the following acts:   Components primarily used for net-zero technologies under the NZIA   The...

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23 May
Member News

Eversheds Sutherland | EU: Ecodesign for Sustainable Products Regulation Working Plan

What the Working Plan means for your business Why should I read this? On April 16, 2025, the European Commission adopted its first 2025–2030 Working Plan for the Ecodesign for Sustainable Products Regulation (ESPR), a major step towards reshaping how products are designed, produced, and sold in the EU. The ESPR aims to improve the environmental performance of a wide range of products throughout their life cycle. It introduces new rules covering both product performance - such as durability, availability of spare parts, and...

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23 May
Member News

Vulcan View: The latest EU developments 19 May – 23 May

EU and the UK sign Security and Defence Partnership On Monday, 19 May, European Commission President von der Leyen, European Council President Costa and European Commissioner with responsibility for the EU-UK Relationship Maroš Šefčovič held the first official post-Brexit EU-UK Summit with UK Prime Minister Starmer and Minister for EU Relations Nick Thomas-Symonds. As expected, the Summit brought an Agreement on an EU-UK Security and Defence Partnership. Still, it was light in concrete deliverables otherwise, apart from an extension of the...

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23 May
Member News

Bannockburn Capital Markets | Dollar Slumps

Overview:  The dollar is finishing the week heavily.  It is off against nearly all of the world's currencies.  The only exceptions are the Turkish lira and Hong Kong dollar.  For the week, among the G10 currencies, only the Australian dollar has not risen at least 1%,  Helped by stronger than expected retail sales, sterling set a new three-year high (~$1.3500).  Between the tariffs and the budget, the Dollar Index is set to snap a four-week upside correction, even as the...

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22 May
Chapter News

European Commission | Bringing down barriers to the single market to create opportunities for all

The EU’s single market gives businesses access to 450 million consumers. It is the first driver of our competitiveness and the second largest global market. But its rules and regulations can be complex and create barriers to entry and growth. In a bid to create a more simple and strong European home market, the European Commission has introduced a new strategy to simplify rules and reduce bureaucracy.   The new measures will boost growth opportunities for businesses and provide even higher...

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22 May
Member News

Noerr | European Commission: Proposal for simplification of GDPR record-keeping obligations of organisations with fewer than 750 employees

The European Commission has introduced a new package to simplify rules and reduce bureaucracy across the Single Market. Inter alia, this package aims to simplify record-keeping obligations of Small and Medium-sized Enterprises (SMEs), small mid-caps (SMCs) and organisations with fewer than 750 employees. According to the Commission’s recent proposal, the GDPR obligation to maintain records of processing activities (RoPA) (Article 30 GDPR) shall not apply to an enterprise or an organisation employing fewer than 750 persons unless the processing it carries out is likely...

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22 May
Member News

Osborne Clarke | Important EU and UK regulatory updates for US businesses

As early summer approaches, we wanted to highlight several critical regulatory developments that require attention from US businesses operating in European markets. Our international team has been closely monitoring these changes to help you navigate the evolving compliance landscape. The UK's Economic Crime and Corporate Transparency Act (ECCTA) introduces new compliance challenges that could affect US businesses with UK connections. Simultaneously, the rise of artificial intelligence technologies is reshaping the approach to trade-secret protection in Europe, requiring fresh strategies...

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