02 May
Chapter News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | The implications of US-China trade tensions for the euro area – lessons from the tariffs imposed by the first Trump Administration

By Vanessa Gunnella, Giovanni Stamato and Alicja Kobayashi Published as part of the ECB Economic Bulletin, Issue 3/2025. This box examines how the tariffs that the United States introduced on Chinese products in 2018 influenced euro area trade patterns. It looks at whether euro area exporters were able to gain market share in the United States as their competitiveness increased vis-à-vis their Chinese counterparts. It also assesses how Chinese export patterns changed, highlighting how Chinese exports were diverted from the United States...

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02 May
Chapter News

ECB | Who wants to work more? Revisiting the decline in average hours worked

By Clémence Berson and Marco Weissler Published as part of the ECB Economic Bulletin, Issue 3/2025. In most euro area countries, average hours worked (AHW) per employee have been falling since 2020 and remain below their pre-pandemic levels. The decline was particularly strong in 2020 owing to policy measures to reduce the spread of COVID-19. National accounts data show that, in the fourth quarter of 2024, AHW were still 1.8% lower than a decade before (Chart A) despite the proportion of part-time workers...

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02 May
Member News

Vulcan View: The latest EU developments 28 April – 2 May

Sixteen EU countries trigger ‘escape clause’ for defence spending On Wednesday, 30 April, sixteen European Union member states announced their intention to use the ‘national escape clause’ – a special budget flexibility rule- to ramp up defence spending prompted by Russia’s ongoing war in Ukraine and the heightened security threat across Europe, these countries are seeking permission to invest more in their military capabilities without immediately breaching the EU’s strict fiscal guidelines. On the same day, the European Commission announced that it had already received formal...

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02 May
Member News

NAL Research and VectorNav Technologies Collaborate to Develop a Solution for GNSS/GPS-Denied Environments

The combined offering will pair VectorNav’s Inertial Navigation Systems with NAL Research’s Iridium STL® satellite receivers, leveraging signals 1,000 times stronger than GPS. MANASSAS, VA and DALLAS, TX – April 30, 2025 – NAL Research and VectorNav Technologies, two U.S.-based leaders in assured position, navigation, and timing (APNT) solutions, announced today a joint development to produce Iridium® STL (Satellite Time & Location)-aided Inertial Navigation Systems (INS) designed to meet the increasing demand for resilient PNT in GNSS-denied environments. Both companies will...

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02 May
Member News

Eversheds Sutherland | Keith Froud – Eversheds Sutherland’s new Global Co-CEO and International Chief Executive takes office

Eversheds Sutherland (International) is pleased to confirm that Keith Froud has now succeeded Lee Ranson as the firm’s Global Co-CEO and International Chief Executive. Keith’s election in September 2024 was uncontested and he begins his four year term today, 1 May 2025. Keith Froud comments, “I am proud to have succeeded Lee Ranson as Chief Executive of Eversheds Sutherland (International) today. Building on the firm’s strong trajectory, my ambition is to create even greater success for our clients and our people. I am also pleased...

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02 May
Chapter News

Office of the US Trade Representative | United States and European Union Hold Seventh Joint Committee Meeting under the Bilateral Agreement on Prudential Measures Regarding Insurance and Reinsurance

WASHINGTON — On the 29th of April, the Office of the United States Trade Representative, together with the United States Department of the Treasury, hosted representatives of the European Commission in Washington for the seventh meeting of the Joint Committee established under the 2017 U.S.-EU Agreement on Prudential Measures Regarding Insurance and Reinsurance (“the Agreement”). The Agreement is a “covered agreement” under the Dodd-Frank Act for the United States and is an agreement under Articles 114 and 218 of the...

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01 May
Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | US Tariffs and Europe

By Fabio Balboni, Senior Economist, Eurozone, and Janet Henry, Global Chief Economist, HSBC The word “uncertainty” does not do justice to the current global economic outlook. We knew 2025 was going to be an unpredictable year, but the pace of US policy shifts since the ‘Liberation Day’ announcements has been dramatic. The reciprocal tariff unveiling, associated financial market turmoil, the US administration’s rapid U-turn, and a doubling down on mainland China tariffs have already impacted perceptions and expectations in ways...

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01 May
Member News

Bennett Jones | Canadian Government Financing for Large Enterprises Impacted by US Tariffs and Canadian Countermeasures

By Simon Grant, Karen Dawson, Adam Taylor, Serge Dupont and Jess Horwitz Canada Development Investment Corp. (CDEV) has announced the launch of the Large Enterprise Tariff Loan (LETL) facility, a new government-backed loan facility to support large Canadian enterprises affected by actual and potential new US tariffs and associated Canadian import countermeasures and which face challenges accessing traditional sources of market financing. CDEV, a Canadian federal Crown corporation reporting to the Minister of Finance, will manage the facility through its subsidiary,...

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01 May
Chapter News

European Commission | For every euro invested Horizon Europe generates up to €11 in economic gains

Horizon Europe, the EU's flagship research and innovation programme for 2021-2027, is proving to be a major driver of economic and societal benefits. For every euro of costs to EU society, the programme is expected to generate up to six euros in benefits for EU citizens by 2045. In terms of economic growth, every euro of EU contribution is estimated to generate up to €11 in GDP gains by 2045, according to an evaluation of the Commission released today. With a...

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01 May
Member News

Wilson Sonsini | Sustainability and ESG Advisory Practice Update, April 2025

House Members Focus Their Attention on Federal Tax Credits for Pending Budget Reconciliation Process As the U.S. Congress gears up for the budget reconciliation process, several Republican and Democratic members of the House of Representatives have urged House leadership to maintain certain key federal energy tax credits authorized by the Inflation Reduction Act of 2022 (IRA). On March 9, 2025, in a letter to Representative Jason Smith (R-MO), chair of the House Ways and Means Committee, 21 Republican House members requested...

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