04 Apr
Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | 25% Tariff on Automobiles and Automobile Parts Begins April 3; USMCA Vehicles May Qualify for Partial Relief

Go-To Guide: New 25% tariff on imported cars starts April 3, 2025, citing national security concerns. Automobile parts from USMCA countries temporarily exempt, but full implementation expected by May 3, 2025. USMCA-qualifying vehicles may receive partial relief based on U.S. content value. Importers that do not carefully document U.S. content may face retroactive, full tariffs on misstatements. On March 26, 2025, President Donald Trump announced a proclamation, “Adjusting Imports of Automobiles and Automobile Parts Into the United States,” directing the...

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04 Apr
Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | Impact of U.S. Tariffs on EU Manufacturers and Exporters

By Matthew Bock, Managing Partner, BOCK TRADE LAW On April 2, 2025, the U.S. implemented a sweeping tariff regime via an executive order, introducing a baseline 10% tariff on goods from all countries, effective April 5, 2025, and higher reciprocal tariffs on specific trading partners, including the European Union (EU), effective April 9, 2025.  For the EU, the reciprocal tariff rate was set at 20%, reflecting the U.S. administration’s intent to address perceived trade asymmetries and a significant goods trade...

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04 Apr
Chapter News

ECB | When investors move in: new dynamics in European housing markets

Blog post by Emil Bandoni, Giorgia De Nora, Margherita Giuzio, Ellen Ryan and Manuela Storz | Institutional investors are increasingly active in housing markets across Europe. The ECB blog examines implications for house price growth and the transmission of monetary policy. Institutional investors have been shaking up Europe’s housing markets over the past decade: if you are renting in major cities like Paris, Dublin or Madrid, there is a good chance your landlord is an investment company, insurance corporation, or...

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04 Apr
Member News

Vulcan View: The latest EU developments 31 March – 4 April

President Trump slaps 20% tariffs on EU, sparking European backlash On 2 April 2025, U.S. President Donald Trump announced the implementation of new 20% tariffs targeting imports from the European Union from 9 April – as well as higher reciprocal tariffs for other specific nations. Further tariff announcements targeting specific sectors, such as pharmaceuticals, are anticipated in the coming weeks and months. President Trump justified these tariffs as necessary to address trade imbalances and to promote domestic manufacturing. He referred to this initiative as a “Declaration of Economic...

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03 Apr
Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | United States Tariff Alert

On April 2, 2025, invoking his authority under the International Emergency Economic Powers Act of 1977 (IEEPA), President Donald Trump announced reciprocal tariffs against all countries. Certain countries with which the United States has the largest trade deficits will be subject to higher, individualized reciprocal tariffs. Prepared by Clinton Yu, Tayo Osuntogun, and Luis Arandia, Barnes & Thornburg’s International Trade Practice Group attorneys:  Below are the pertinent details from the Executive Order and White House Fact Sheet. Effective April 5,...

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03 Apr
Chapter News

ECB | Financial stability in uncertain times

Speech by Luis de Guindos, Vice-President of the ECB, at the International Federation of Accountants’ Chief Executives Forum Introduction It is a pleasure to be taking part in the International Federation of Accountants’ Chief Executives Forum today. In line with the topic of the event, I will reflect on the risks and uncertainty that threaten financial stability and their implications for policymakers. I will be brief to allow enough time to take your questions. Conceptually, risk is associated with situations where the exact...

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03 Apr
Chapter News

European Commission | Statement by President von der Leyen on the announcement of universal tariffs by the US

President Trump's announcement of universal tariffs on the whole world, including the EU, is a major blow to the world economy. I deeply regret this choice. Let's be clear-eyed about the immense consequences. The global economy will massively suffer. Uncertainty will spiral and trigger the rise of further protectionism. The consequences will be dire for millions of people around the globe. Also for the most vulnerable countries, which are now subject to some of the highest US tariffs. The opposite of what we want to achieve. The...

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03 Apr
Chapter News

ECB | A “European moment” in an inverted world

Speech by Christine Lagarde, President of the ECB, on the occasion of the conferral of the Sutherland Leadership Award in Dublin, Ireland It is an honour to receive the Sutherland Leadership Award. There are moments in history when things that were once set in stone become fluid. Institutions, norms and alliances that seemed timeless can suddenly be remade. These moments typically come only once in a generation. Peter Sutherland faced such a juncture when the Cold War ended. The collapse of the...

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02 Apr
Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | To contend with higher tariffs, businesses need to act now

By Joe Brusuelas, Chief Economist, RSM and Jason Alexander, Industrials Leader, RSM Key takeaways American firms are already preparing for higher tariffs on goods made in China. One strategy is to pull forward purchases before any tariffs are imposed. Firms also need to rethink their supply chains, and consider bringing them closer to home. With higher tariffs likely under the incoming Trump administration, businesses are already making decisions in a way that will affect economic growth and reshape the global economy. We are already...

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02 Apr
Member News

Osborne Clarke | New EU packaging and waste regulation comes into force to promote sustainability

Effective implementation of this advance for the circular economy now depends on national legislation by Member States On 22 January 2025, Regulation (EU) 2025/40 on packaging and packaging waste was published, with the aim of promoting the circular economy and harmonising the regulatory framework. In order to mitigate the high levels of packaging generated in the market in terms of volume and weight, enhance the rates of reuse and collection, and promote recycling, Regulation (EU) 2025/40 on packaging and packaging waste...

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