04 Feb
Member News, Trade & TTIP Related

Jaguar Freight | Important Update: Pending Tariffs on Canada and Mexico Suspended

Important Notice: There have been significant trade policy developments regarding tariffs on imports from Mexico, Canada, and China today. Mexico: The planned 25% tariff on imports has been delayed for a month after an agreement between President Trump and Mexican President Claudia Sheinbaum. As part of the deal, Mexico will deploy 10,000 members of its national guard to the border to combat drug trafficking. Canada: A similar agreement was reached with Prime Minister Justin Trudeau during an afternoon meeting, suspending new...

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03 Feb
Chapter News

ECB | Europe has strengths it can build on

Blog post by Christine Lagarde, President of the European Central Bank, and Ursula von der Leyen, President of the European Commission | Remaining competitive is fundamental for Europe’s future. We need faster economic growth and higher productivity to protect the quality of life for Europeans – from their jobs and incomes to their security and welfare. Europe must act. Our competitiveness is at risk. While a global revolution in artificial intelligence unfolds, the EU could find itself on the sidelines....

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03 Feb
Chapter News

European Commission | First rules of the Artificial Intelligence Act are now applicable

As of Sunday, 2 February, the first rules under the Artificial Intelligence Act (AI Act) started to apply. This includes the AI system definition, AI literacy, as well as a very limited number of prohibited AI use cases outlined in the AI Act that pose unacceptable risks in the EU. To facilitate innovation in AI, the Commission will publish guidelines on AI system definition. This aims to assist the industry in determining whether a software system constitutes an AI system. The Commission will...

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03 Feb
Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – Clarity on tariffs, congestion at global ports, a new service between China and Europe, supply chain risks in MedTech, and a new record at the port of Los Angeles.

Months of talk about tariffs are about to become reality. This weekend, President Trump made official his plan to implement new tariffs this Tuesday. Canada and Mexico face tariffs of up to 25%, with China facing levies of an additional 10%. All three countries have voiced their opposition and plans for retaliatory measures. The impact on trade among the three N. American countries is yet to be seen, with the US having had free-trade agreements in place for decades. Trump...

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03 Feb
Member News

KeyBank FX Market Update – February 3rd

Impact of Newly Implemented U.S. Tariffs on Global Financial Markets President Trump signed an executive order yesterday enacting significant tariffs, imposing a 25% levy on imports from Canada and Mexico, with a reduced 10% tariff specifically on Canadian energy products. Additionally, the US imposed a 10% tariff on imports from China. The announcement and implementation of these tariffs have led to notable volatility in the foreign exchange (FX) markets.   U.S. Dollar (USD): The U.S. dollar experienced a significant surge, strengthening against...

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01 Feb
Member News, Trade & TTIP Related

Jaguar Freight | Important Update: Trump Announces Tariffs to Start Tomorrow

The White House confirmed that President Trump will impose new tariffs starting Saturday, February 1. The tariffs include a 25% duty on certain imports from Canada and Mexico and a 10% tariff on specific Chinese goods. The tariffs could lead to higher prices for U.S. consumers and businesses on products such as electronics, toys, shoes, produce, lumber, and cars. Companies importing these goods must decide whether to absorb the costs, reducing profits, or pass them on to consumers. Mexico and Canada have...

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31 Jan
Member News

Vulcan View: The latest EU developments 27 January – 31 January

European Commission launches Competitiveness Compass to boost innovation and economic resilience On Wednesday, 29 January, the European Commission unveiled its Competitiveness Compass, an initiative aimed at strengthening the EU’s competitiveness, resilience, and innovation. The Compass comes at a critical moment for Europe as it strives to maintain its position in the face of growing global competition. The Competitiveness Compass will closely follow the recommendations laid out by both the Draghi and the Letta reports. The Compass comprises three pillars: Pillar 1: Closing the innovation gap Pillar 2: A joint...

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31 Jan
Chapter News

European Commission | Steering the EU towards greater sustainable competitiveness

A new framework to rekindle economic productivity and secure the EU’s competitive edge has been presented by the European Commission. The Competitiveness Compass builds on the recommendations set out in Mario Draghi’s report on the future of European competitiveness. It will steer the EU’s work on competitiveness over the next five years and translate the report’s recommendations into concrete actions for the EU’s future prosperity.   The EU enjoys a strong system of rights and values, a Single Market, top-notch infrastructure and...

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31 Jan
Member News

EIB Group achieves record results in 2024, targets €95 billion in investments for 2025

The EIB Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024. A record of nearly 60% of all EIB Group financing supported the green transition, climate action and environmental sustainability. There was a sharp increase in higher-risk activities, with a record €8 billion committed for equity and quasi-equity investment. Financing for security and defence projects doubled to €1 billion in 2024, with a further doubling planned in 2025. The European Investment Bank (EIB) Group...

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31 Jan
Chapter News

European Commission | An EU Compass to regain competitiveness and secure sustainable prosperity

Today, the Commission presents the Competitiveness Compass, the first major initiative of this mandate providing a strategic and clear framework to steer the Commission's work. The Compass sets a path for Europe to become the place where future technologies, services, and clean products are invented, manufactured, and put on the market, while being the first continent to become climate neutral. Over the last two decades, Europe has not kept pace with other major economies due to a persistent gap in productivity...

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