11 Apr
Member News

Vulcan View: The latest EU developments 7 April – 11 April

EU implements a 90-day pause on steel and aluminium retaliatory measures On 9 April, U.S. President Donald Trump called for a 90-day pause on his planned “reciprocal” tariffs. While tariffs on steel, aluminium, and automobiles remain in place, the EU will temporarily face only a 10% tariff. In response to President Trump, on 10 April, European Commission President von der Leyen announced a 90-day pause in the planned steel & aluminium retaliatory tariffs, – a measure approved by EU member States just the day before. This pause will...

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10 Apr
Member News

Offit Kurman | Why U.S. Residents Owning Foreign Homes Need a U.S. and a Foreign Will

By Diane K. Roskies In today’s highly mobile world, it is increasingly common for U.S. citizens and permanent residents to own homes abroad. These properties may have been acquired as vacation homes, inherited from parents who remained in their home countries or maintained as dual residences for work, particularly by executives of international corporations. Even after retirement, many individuals choose to retain their non-U.S. homes. In my practice, I have encountered all these scenarios involving U.S. persons who own second...

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10 Apr
Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | The Art of the Deferral: Navigating the Trade Truce

By Ian Hunter, Director, OCO Global "I never get too attached to one deal or one approach". Chapter 2 of the Art of the Deal, "Trump Cards: The Elements of the Deal”. In The Art of the Deal, President Trump underscores the significance of flexibility and the avoidance of excessive structure. Rigid agendas, he believes, can stifle innovation – particularly when market demands require an adaptable approach to capitalize on challenging opportunities. It’s a strategy that shaped his business empire, and now drives...

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09 Apr
Chapter News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | Commission proposal to impose trade countermeasures against US obtains necessary support from EU Member States

Today, EU Member States have voted in favour of the European Commission's proposal to introduce trade countermeasures against the United States. The Commission's proposal was made in response to the March decision by the US to impose tariffs on imports of steel and aluminium from the EU. The EU considers US tariffs unjustified and damaging, causing economic harm to both sides, as well as the global economy. The EU has stated its clear preference to find negotiated outcomes with the US,...

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09 Apr
Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | Understanding the “Liberation Day” Tariffs

On April 2, 2025, President Trump signed a new Executive Order (the “Liberation Day EO”) implementing additional tariffs on almost all U.S. trading partners, invoking the International Emergency Economic Powers Act (IEEPA). Citing a lack of reciprocity in the U.S.’s bilateral trade relationships, disparate tariff rates and non-tariff barriers assessed by U.S. trading partners, and concerns over U.S. trading partners’ economic policies, the Liberation Day EO assesses an additional 10 percent baseline ad valorem duty on nearly all imports as of April 5,...

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09 Apr
Chapter News

European Commission | EU sets course for Europe’s AI leadership with an ambitious AI Continent Action Plan

To become a global leader in artificial intelligence (AI) is the objective of the AI Continent Action Plan launched today. As set out by President von der Leyen at the AI Action Summit in February 2025 in Paris, this ambitious initiative is set to transform Europe's strong traditional industries and its exceptional talent pool into powerful engines of AI innovation and acceleration. The race for leadership in AI is far from over. From cutting-edge foundation models to specialised AI applications, the AI landscape in...

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09 Apr
Chapter News

OECD | Simpler, more streamlined and smarter regulations are required to address evolving policy challenges

Governments should renew their efforts to better design, deliver, and review regulation and regulatory processes, according to a new OECD report.  The Regulatory Policy Outlook 2025 - the OECD’s flagship publication on drafting laws and regulations, their implementation and review - highlights the efforts governments are making to advance policy objectives while adapting to rapid technological change and evolving policy environments. It identifies opportunities to reduce unnecessary regulations, while ensuring regulatory frameworks are focused on better outcomes for people, and contribute to...

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08 Apr
Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | Understanding European VAT: A Guide for US Folks

By Simon Kelly, Global VAT Services, RSM US LLP For many Americans, the concept of Value-Added Tax (VAT) might seem unfamiliar or confusing. However, understanding European VAT is essential if you are a U.S. business owner looking to expand into Europe, a traveler planning a European adventure, or someone simply curious about global economics. In the United States, sales tax is the predominant form of consumption tax, applied at the point of sale and varying by state and locality. In contrast,...

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08 Apr
Chapter News

ECB | Empowering Europe: boosting strategic autonomy through the digital euro

Introductory statement by Piero Cipollone, Member of the Executive Board of the ECB, at the Committee on Economic and Monetary Affairs of the European Parliament It is a privilege to be here today to continue our discussion on the digital euro. There are many compelling arguments in favour of introducing a digital euro, and in my view they all converge on one fundamental principle: strengthening Europe’s strategic autonomy. Today I would like to discuss what strategic autonomy in day-to-day payments means in...

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08 Apr
Member News

Laura Devine Immigration | US News Alert: Protecting Your Digital Privacy When Entering the US

Since the start of the second Trump administration, Customs and Border Protection (CBP)’s surveillance measures have increasingly extended to travellers’ electronic devices. The US government has the authority to search all electronic devices at the border, irrespective of your legal status in the country or whether they have any reason to suspect you have committed a crime. You can state that you do not consent to such a search, but this likely will not prevent CBP from taking and...

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