Member News, News

Gide | (Somewhat) Strengthening The EU’s Industrial Base Through The IAA’s Screening Of Foreign Investment

The Commission’s proposed Industrial Accelerator Act (IAA), published on 4 March 2026, aims at strengthening the competitiveness and resilience of the EU manufacturing base by targeting strategic sectors, would introduce EU‑origin requirements in public procurement as well as foreign investment controls (see dedicated client alert). The introduction of requirements linking foreign investments to the EU is intended to support EU manufacturing by increasing demand, strengthening capacity, and encouraging the development of lead markets for key industrial products and technologies. The IAA forms...

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Chapter News, News

ECB | Europe’s Fossil Fuel Dependence Poses Risks to Price Stability

Blog | Europe’s energy dependence increasingly complicates the task of maintaining price stability. Meeting the continent’s clean‑energy targets would weaken the link between volatile global markets and domestic prices. Crucially, the tools to make this transition are already within reach. Europe’s energy dependence has become one of the critical vulnerabilities of our economy. Recent energy price shocks have transferred vast resources out of Europe, prompted emergency interventions and strained public finances. These costs are real, recurring and largely wasted. Energy policy...

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Chapter News, News

World Bank | Joint Statement by the Heads of the International Energy Agency, International Monetary Fund, and World Bank Group

 The Heads of the International Energy Agency, International Monetary Fund, and World Bank Group have agreed to form a coordination group to maximize their institutions’ response to the energy and economic impacts of the war in the Middle East. They issued the following joint statement: The Middle East war has caused major disruptions to lives and livelihoods in the region and triggered one of the largest supply shortages in global energy market history. The impact is substantial, global, and highly...

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Member News, News, Trade & TTIP Related

Troutman Pepper Locke | Metals Market Shake-Up: Higher Section 232 Tariffs, Broader Coverage, Narrower Relief

On April 2, President Trump issued a proclamation titled “Strengthening Actions Taken to Adjust Imports of Aluminum, Steel, and Copper into the United States” (the Proclamation) under Section 232 of the Trade Expansion Act of 1962 (Section 232). The Proclamation substantially increases Section 232 tariff rates on many aluminum, steel, and copper products, shifts to applying those tariffs to the full customs value of covered imports, restructures which products are covered through new annexes to the Harmonized Tariff Schedule of the...

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Member News, News

MAST Advisors | Beyond the Bank: How Private Debt Can Help European Middle-Market Companies Acquire and Expand in the United State

A practical guide for European business owners and advisers pursuing U.S. acquisition-led growth Audience: European business owners and advisers evaluating U.S. acquisitions. Focus: how private debt can improve execution certainty, flexibility, and post-closing capacity. Why Private Debt Matters in U.S. Acquisitions For many middle-market European companies, acquisition-led expansion into the United States is strategically attractive. The U.S. offers scale, sector depth, a large target universe, and the ability to build a meaningful market position faster than through organic growth alone. Too often...

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Member News, News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar: Reimbursement Day

In this week’s Roar: Tariff refunds are beginning, global fuel is climbing, China and the Panama Canal, the seafarers stranded in the Middle East, and a surge in global air cargo demand. As a quick trade update, note that announcements were made last week impacting some metals and pharmaceutical tariffs. Click to read the Metals Fact Sheet and the Executive Order pertaining to Pharmaceuticals. It’s no longer a matter of if… only when. Finally, the CBP says it will begin refunding tariffs collected under the International Emergency...

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Chapter News, News, Trade & TTIP Related

IMF | Global Imbalance: Old Questions, New Answers?

Blog | Widening global current account imbalances are best addressed by simultaneous domestic policy adjustments. Industrial policy and tariffs offer a costly fix with unreliable effects on imbalances. Global current account imbalances are widening again, reversing a decade of steady decline following the global financial crisis. History suggests a clear risk: widening imbalances have often been accompanied by concentrated and lower-quality growth, triggered sectoral dislocations across trading partners, and preceded financial crises or abrupt reversals of capital flows. With the...

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Chapter News, News

ECB |How Banks Are Adjusting to Declining Reserves

As the Eurosystem normalises its balance sheet, central bank reserves – banks’ most liquid asset – keep declining. This post examines how banks adapt to lower levels of reserves and explains why take-up in the Eurosystem’s standard refinancing operations (SROs) is expected to increase.   Central bank reserves have almost halved from a peak of €4.9 trillion in 2022 to €2.6 trillion in early 2026 (Chart 1a). While still abundant, they are unevenly spread across banks. This implies that, as the Eurosystem...

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Member News, News

Ogletree Deakins | DOL Proposed Rule Would Increase Wage Levels for H-1B Visas, PERM Labor Certifications

On March 26, 2026, the U.S. Department of Labor (DOL) issued a notice of proposed rulemaking (NPRM) that proposes significant changes related to how prevailing wages are calculated for employers seeking to hire foreign workers under H-1B, H-1B1, and E-3 visa statuses, as well as permanent labor certification under PERM for EB-2 and EB-3 employment-based immigrant visa programs. Quick Hits The DOL issued an NPRM that would require significantly higher wages for foreign workers using H-1B, H-1B, and E-3 visas,...

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Member News, News, Trade & TTIP Related

PwC | WTO’s 14th Ministerial Conference: Longstanding Moratorium on Customs Duty on Electronic Transmissions Expires

In brief What happened? Despite extensive negotiations at the World Trade Organization’s (WTO) 14th Ministerial Conference (MC14) held in Cameroon between 26-30 March 2026, Members failed to reach agreement on extending the moratorium on customs duties on electronic transmissions. The moratorium has now expired, as of 30 March 2026. The moratorium had been in place since 1998, preventing WTO Members from imposing customs duties on digitally delivered products such as software, audiovisual content, and other electronic transmissions. In parallel, 66 WTO...

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