16 Jun
Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – The U.S. Trade Representative and port fees, congestion easing, air freight rates holding firm, four strategies to cope with supply chain challenges, and the new European Ocean Pact.

Lest we forget, port fees are back in the news again. The US Trade Representative is requesting public comments through July 7th with regards to the Section 301 investigation into China’s maritime dominance. Beginning October 14, Chinese-owned ships will pay escalating fees per net ton, while other vessels built in China will pay higher container- or tonnage-based rates, increasing annually through 2028. The fee starts at $50 per net ton and will go up to $140. The move follows an earlier...

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13 Jun
Chapter News

IMF | Disclosing Public Debt Boosts Investor Confidence, Cuts Borrowing Costs 

By Yan Liu, General Counsel and Director of the Legal Department, IMF Greater debt transparency builds investor confidence, helps reduce borrowing costs, and strengthens debt sustainability—reducing the risk of shocks that can lead to a debt crisis Public debt is projected to reach nearly 100 percent of global gross domestic product by the end of this decade, surpassing even pandemic-level highs. Governments, particularly those in emerging market and developing economies, face both mounting debt service costs and shrinking room to maneuver...

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13 Jun
Chapter News

ECB | “More Europe” and financial integration

Keynote speech by Luis de Guindos, Vice-President of the ECB, at the annual Joint Conference of the European Commission and the European Central Bank on European financial integration Introduction I am once again delighted to speak at the annual joint conference of the European Commission and the European Central Bank on European financial integration. This is an important event for us as we come together to appraise and advance financial integration in Europe. The recent sea change in US economic policy and...

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13 Jun
Member News

EIB | President Calviño: Financing Europe’s tomorrow

Nadia Calviño, president of the European Investment Bank (EIB) Group, highlighted the EIB’s pivotal role in strengthening Europe’s security, competitiveness and global partnerships in her keynote message at the GLOBSEC Forum 2025 in Prague, Czechia on 12 June. Good morning. Dear friends, distinguished leaders, colleagues, partners. It's a great pleasure to join you at the 20th GLOBSEC Forum in beautiful Prague, and I want to first thank our Czech hosts for their hospitality and their steadfast commitment to the European project. We are meeting...

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13 Jun
Chapter News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | The Department of Commerce Announces New Auto Tariff Offset Process

WASHINGTON, D.C.— The U.S. Department of Commerce today released new procedures for U.S. automobile manufacturers to apply for offsets to the Section 232 tariffs applied on imported automobile parts based on the volume and value of the manufacturers’ automobile production in the United States.  This program will strengthen U.S. auto assembly capabilities and reduce American reliance on foreign auto production. Pursuant to President Donald J. Trump’s proclamation on March 26, 2025, 25% tariffs on imports of automobile parts went into effect on...

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13 Jun
Member News

Vulcan View: The latest EU developments 9 June – 13 June

EU and UK reach an agreement in respect of Gibraltar On Wednesday, 11 June, the EU and the UK reached an agreement resolving the long-standing post-Brexit border issues in Gibraltar. Central to the deal is the removal of passport controls at the border, reconnecting Gibraltar with Spain. Gibraltar will be incorporated into the EU’s Schengen Area, allowing passport-free movement for residents and approved individuals. The agreement will also implement both Spanish and British officers conducting parallel checks at the border. Additionally, the agreement enables Gibraltar...

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12 Jun
Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | IEEPA Tariffs to Remain Temporarily Despite Adverse Ruling; Aluminum and Steel Tariff Rate Increased

By Ryan Last, Daniel N. Anziska, Daniel Gorman, Charlene C. Goldfield, and Luke LoFrumento*, Troutman Pepper Locke On May 28, the U.S. Court of International Trade ruled that the tariffs imposed by President Trump under the International Emergency Economic Powers Act (IEEPA) were unlawful. In the case of V.O.S. v. United States, the court found that IEEPA does not delegate such broad tariff powers to the president and that the tariffs addressing illegal migration and illicit drug flows “do not deal...

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11 Jun
Chapter News

European Commission | EU seeks feedback on a European blueprint for Savings and Investments Accounts

The European Commission has invited citizens and stakeholders to contribute to the development of a European blueprint for savings and investments accounts. This initiative, part of the Savings and Investments Union strategy, aims to facilitate citizens' participation in capital markets, enhancing returns on their savings while increasing funding available for EU companies to help them grow, innovate and create jobs. The Commission's call for evidence seeks input on best practices to make savings and investments accounts a convenient entry point to...

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11 Jun
Chapter News

ECB | International use of the euro broadly stable in 2024

Euro’s share across various indicators of international currency use largely unchanged at around 19% Emerging challenges include initiatives promoting global use of cryptocurrencies Upholding rule of law essential for maintaining, and potentially increasing, global trust in the euro The international role of the euro remained broadly stable in 2024 and the euro held on to its position as the second most important currency globally. The share of the euro across various indicators of international currency use has been largely...

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11 Jun
Member News

Bennett Jones | Economic Outlook: Building Resilience and Capacity in a Disrupted World

Executive Summary: A World Disrupted by U.S. Policy Shifts and Uncertainty In a period of only months, actions by the U.S. administration of President Donald Trump have disrupted U.S. trade, foreign and economic policies, and created exceptional uncertainty for the U.S. and global economies and financial markets. Questions about the strategy and end game of the President for the rules that govern international trade and investment are forcing governments, businesses and investors worldwide to reassess their own strategies and relationships. A “tough on...

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