Chapter News, News

IMF | War Darkens Global Economic Outlook and Reshapes Policy

Blog | The Middle East conflict halted growth momentum. The right policies and stronger global cooperation are needed to contain the damage.   Despite major trade disruptions and policy uncertainty, last year ended on an upbeat note. The private sector adapted to a changing business environment, while powerful offsets came from lower US tariffs than originally announced, some fiscal support, and favorable financial conditions coupled with strong productivity gains and a tech boom. Despite some downside risks, the momentum was...

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Chapter News, News, Trade & TTIP Related

European Council | Council and European Parliament Strike Deal to Protect EU’s Steel Industry from Global Overcapacity

Today, the Council presidency and the European Parliament have reached a provisional agreement on a regulation aimed at addressing the negative trade-related effects of global overcapacity on the EU steel market. The regulation will introduce a new framework to protect the EU steel sector from global excess production and trade diversion, while ensuring that the measure remains compatible with the EU’s international trade obligations and sufficiently flexible for economic operators, including downstream industries. It will replace the current EU steel safeguard...

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Member News, News, Trade & TTIP Related

Troutman Pepper Locke | CBP Issues Guidance on IEEPA Duty Refunds via New CAPE Process: What Importers Must Do Before April 20

U.S. Customs and Border Protection (CBP) has issued operational guidance for obtaining refunds of duties paid under the International Emergency Economic Powers Act (IEEPA), implementing a new electronic process through the Consolidated Administration and Processing of Entries (CAPE) tool in the Automated Commercial Environment (ACE) Secure Data Portal (ACE Portal). Beginning April 20, 2026, CAPE will be the exclusive mechanism for submitting IEEPA refund claims for entries that include at least one dutiable IEEPA Harmonized Tariff Schedule of the United States...

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Chapter News, News

European Commission | Commission consults Member States on proposal for a Temporary Crisis Framework

The European Commission is gathering the views of Member States on a draft proposal for a State aid Temporary Crisis Framework to support the EU economy in the context of the Middle East crisis, as announced on 13 April 2026 by President Ursula von der Leyen. The draft proposal is based on Article 107(3)(c) of the Treaty on the Functioning of the EU, which allows aid to develop specific economic sectors also in view of specific unexpected economic risks. The Commission is consulting Member States...

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Member News, News, Uncategorized

IPTI | Property Tax in the News – April 2026

IPTI’s usual monthly newsletter – the “President’s Message” – contains, inter alia, some summarised news articles from around the world. This IPTI publication – “Property Tax in the News” – contains some of the more interesting news articles concerning property taxes in North America and Europe which is where many of our members have a particular interest. Links to these and more, similarly summarised, articles – from North America, Europe and around the globe – can be found in...

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Member News, News

CILC | Pre-Merger Notification: States in the U.S. v. EU Member States

Key Differences and Requirements Both the United States and the European Union require mandatory pre-merger notification for significant transactions, but their frameworks, criteria, and the role of subnational jurisdictions (states or member states) differ in several important ways. United States States are increasingly introducing broad pre-merger notification rules in addition to the federal Hart-Scott-Rodino (HSR) Act. Many state regimes mirror or modestly expand upon federal triggers and requirements: Key Features Notification Triggers: Mergers reportable under the federal HSR Act are typically triggered...

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Member News, News

Curl Translations | AI in Translation: Risks, Limitations, and Best Practices

AI in Translation: Risks, Limitations, and Best Practices As artificial intelligence reshapes global business operations, its role in multilingual communication is expanding rapidly. From internal documentation to cross-border contracts and marketing campaigns, AI translation tools promise speed, efficiency, and cost savings. However, for organizations operating across jurisdictions and cultures, understanding the limitations of these tools is essential. A professional review of AI translations is recommended to mitigate risk, ensure accuracy, and protect business outcomes. Benefits of Using AI in Translation For companies...

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Member News, News, Trade & TTIP Related

Barnes & Thornburg | IEEPA Tariff Refunds: An Update

In a previous alert, we reported that the U.S. Supreme Court had found President Donald Trump’s tariffs issued under the International Emergency Economic Powers Act (IEEPA) to be illegal. We subsequently reported that the U.S. Court of International Trade (“the Court”), in an effort to implement the Supreme Court decision, had ordered U.S. Customs and Border Protection (CBP) to issue refunds “automatically” to importers that previously paid IEEPA duties to CBP. In recent days, there have been significant developments: • The U.S. Court of International...

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Member News, News

RBC | An Evolving Role for the Dollar and the Fed

It’s easy to let preconceived notions slip into portfolio construction and investment analysis. Background ideas on policymaking and the relative importance of different indicators can become baked into thinking, without being directly reviewed. This is generally a no-harm, no-foul situation: these conditions change slowly and infrequently, although when they do change, the impact can be great. Prior to Silicon Valley Bank’s failure in March 2023, for instance, we think few investors considered the impact of unrecognized marked-to-market bond losses on...

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Chapter News, News, Trade & TTIP Related

IMF | Cushioning the Middle East War Shock

Speech by IMF Managing Director Kristalina Georgieva at the 2026 Spring Meetings in Washington, DC Good morning. A resilient world economy is being tested again by the now-paused war in the Middle East. The conflict has caused considerable hardship around the globe. My heart goes out to all people affected by this war and all wars. When we welcome ministers and central bank governors to our Spring Meetings next week, our focus will be on how best to weather this latest shock and...

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