15 Sep
Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | Tariff Noncompliance and Evasion: Risks and Enforcement Trends

By: Kerem Bilge, Counsel, Thompson Hine LLP Over the past decade, the global trade landscape has shifted sharply toward more complex tariff regimes. During President Donald Trump’s first administration, the U.S. government imposed wide-ranging Section 301 tariffs on hundreds of billions of dollars on imported goods from China and Section 232 national security tariffs on U.S. imports of steel and aluminum products worldwide. During President Joe Biden’s administration, most of these tariffs were maintained and further increased on certain Chinese-origin...

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15 Sep
Chapter News

European Commission | Commission launches new strategy to strengthen Europe’s research and technology infrastructures

Today, the Commission has launched the European strategy on research and technology infrastructures to boost Europe's leadership in scientific excellence and technological innovation. To remain a frontrunner in the global race for science and innovation, Europe must reinforce decisively its research and technology infrastructures and make them even more integrated and accessible to a wider range of users. The strategy ensures that scientists, researchers, innovators, and industry have easy access to Europe's cutting-edge facilities, high-quality data and tailored services. It...

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15 Sep
Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – Understanding “transshipment”, a tariff refund and a date with the Supreme Court, U.S. container imports in decline, and the rise of cargo theft.

The Trump administration’s new 40% tariff on transshipped goods is causing more trade confusion. And it appears Vietnam is at the epicenter, due to the high amount of Chinese products rerouted through the Southeast Asian country. Since there’s no clear definition of the new regulation, Vietnam’s export growth could wind up as collateral damage. Central to the issue is that many Vietnamese exports rely on Chinese inputs, so it’s hard to distinguish between legitimate goods and transshipments. Rushing enforcement with no...

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12 Sep
Member News, Trade & TTIP Related

Vulcan View: The latest EU developments 8 September – 12 September

Commission President von der Leyen calls for Europe’s “Independence Moment” On Wednesday (10 September), European Commission President Ursula von der Leyen delivered the State of the European Union address (SOTEU) in the European Parliament in Strasbourg. In this year’s address, President von der Leyen presented a stark appraisal of a world in transition, declaring that Europe is in a “fight for its future.” Against a backdrop of global instability and geopolitical shifts, Ms. von der Leyen argued that this must be Europe’s “Independence...

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11 Sep
Chapter News

European Commission | Ursula Von der Leyen: State of the Union Speech

“Check against delivery” President Metsola, Honourable Members,   Europe is in a fight. A fight for a continent that is whole and at peace. For a free and independent Europe. A fight for our values and our democracies. A fight for our liberty and our ability to determine our destiny for ourselves. Make no mistake – this is a fight for our future. I thought long and hard about whether to start this State of the Union address with such a stark appraisal. After all,...

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11 Sep
Chapter News

OECD | Governments increased tax revenues in 2024 to meet rising spending needs

Rising health expenditures and population ageing prompted many governments to increase social security contribution rates in 2024, reflecting a broader trend towards increasing revenues to strengthen the long-term sustainability of social protection systems, according to a new OECD report. The tenth annual edition of Tax Policy Reforms: OECD and Selected Partner Economies provides a comprehensive overview of tax reform trends, offering cross-country comparisons and tracking policy developments over time. This 2025 edition describes tax reforms implemented in 2024 across 86 jurisdictions, including all OECD...

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11 Sep
Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | Changes to Reciprocal Tariffs and New Framework for Tariff Relief Under Trade Agreements

By Ryan Last, Associate, Troutman Pepper Locke On September 5, President Trump signed an executive order introducing new exemptions (and removing other exemptions) to reciprocal tariffs, while also setting out a new framework that aims to promote the conclusion of more definitive trade and security agreements in exchange for additional forms of tariff relief. The executive order, titled “Modifying the Scope of Reciprocal Tariffs and Establishing Procedures for Implementing Trade and Security Agreements” (the Order), builds on previous actions, notably Executive Order 14257 of April...

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11 Sep
Member News, Trade & TTIP Related

PwC | President Trump signs order modifying reciprocal tariffs and outlines path for trade deals

What happened?  President Trump issued an Executive Order and Fact Sheet on September 5 modifying the scope of the reciprocal tariffs first announced on April 2, 2025 via Executive Order 14257, and establishing a framework for implementing trade and security agreements with US partners. The Executive Order revises Annex II of Executive Order 14257, which had carved out certain categories of goods from reciprocal tariff coverage. Under the new changes, bullion-related articles, certain critical minerals, and additional pharmaceutical products subject to pending Section 232 investigations...

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09 Sep
Chapter News

European Commission | 2025 Strategic Foresight Report sets out ‘Resilience 2.0′ to guide Europe’s long-term choices

The European Commission's 2025 Strategic Foresight Report presents ‘Resilience 2.0', a forward-looking and proactive approach to ensuring the EU thrives in turbulent times, anticipates new challenges and creates a safe space for citizens and business. The report recognises various megatrends: climate and environmental transitions are accelerating, security concerns are rising, and global competition is reshaping economies and societies. At the same time, Europe faces questions on its strategic autonomy, competitiveness, social cohesion and the protection of democracy and fundamental values. The scale and...

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09 Sep
Member News

EIB | Multilateral development banks hit record $137 billion in climate finance to drive sustainable development worldwide

• New report shows climate finance by multilateral development banks rose 10% in 2024 compared with previous year. • MDBs’ climate finance for low- and middle-income economies increased 14% to more than $85 billion. • Mobilised private finance for climate investments worldwide jumped 33% in 2024. Global climate finance by multilateral development banks (MDBs) increased 10% last year, reaching a record $137 billion, with the majority directed to low- and middle-income economies. MDBs including the European Investment Bank (EIB) announced the year-on-year...

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