Member News

Troutman Pepper Locke | New Federal Circuit Ruling Opens the ITC to Many More IP Owners

In a recent ruling, the U.S. Court of Appeals for the Federal Circuit upended years of settled law and ruled that sales and marketing expenses, by themselves, can be the basis for a finding of domestic industry in an International Trade Commission (ITC) enforcement action. This decision will make the ITC available to U.S. IP owners who import their goods from overseas and do not have a manufacturing base in the U.S. Lashify, Inc., a U.S.-based company that distributes, markets,...

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Chapter News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | European Commission countermeasures on US steel and aluminium tariffs explained

On 12 March, the United States imposed tariffs of up to 25% on imports of steel, aluminium, and certain products containing steel and aluminium from the European Union and other trading partners. In response, the Commission is launching a series of countermeasures to protect European businesses, workers and consumers from the impact of these unjustified trade restrictions. Context: measures and countermeasures imposed under the previous Trump administration In June 2018, the first Trump Administration introduced tariffs on European steel and aluminium...

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Chapter News

ECB | New data release: ECB wage tracker continues to indicate that negotiated wage pressures will ease

ECB wage tracker, updated with agreements signed up to 19 February 2025, broadly unrevised compared to data release following January Governing Council meeting Forward-looking information continues to suggest that negotiated wage pressures will ease overall in 2025 Forward-looking information from the wage tracker should not be interpreted as a forecast The European Central Bank (ECB) wage tracker, which only covers active collective bargaining agreements, indicates negotiated wage growth with smoothed one-off payments of 4.7% in 2024 (based on an...

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Chapter News

Council of the EU | Council agrees to enhance cooperation and information exchange on minimum effective corporate taxation

The Council reached a political agreement today on a new EU directive (DAC9) that will improve administrative cooperation in the field of taxation. The objective of this legislation is to enhance cooperation and information exchange on minimum effective corporate taxation to better fulfil the filling obligations that multinational enterprise groups and large-scale domestic groups have under the Pillar 2 of the G20/OECD global agreement. This international deal was reached to avoid base erosion and profit shifting, ensuring that large corporations...

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Chapter News, New York Related News

NY Fed | Medium- and Longer-Term Inflation Expectations Unchanged; Consumers’ Pessimism About Their Future Financial Situations Increases

NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the February 2025 Survey of Consumer Expectations, which shows that households’ inflation expectations increased slightly at the short-term horizon but remained unchanged at the medium- and longer-term horizons. Households expressed more pessimism about their year-ahead financial situations in February, while unemployment, delinquency, and credit access expectations deteriorated notably. Meanwhile, spending growth expectations rose significantly. Average quit probabilities among those employed fell to the lowest level since...

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Member News

PwC | Highlights from the president’s first speech to a joint session of Congress

President Trump addressed a joint session of Congress on Tuesday, making it clear that he intends to continue the course he set when he took office on January 20. He reaffirmed broad-based tax cuts, increased tariffs, deregulation of US business, increased domestic energy production, along with maintaining America’s leadership in artificial intelligence (AI) and other critical technologies. He praised the work of the Department of Government Efficiency (DOGE) for cutting the size of government, the new measures to restrict...

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Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – Tariffs, the Panama Ports Company, fees on Chinese-built ships, the drop in diesel prices, the impact of gaps in visibility, and February’s PMI.

Tariffs remain the most important story in supply chain. Last week was full of changes and new announcements – click here for an update by Jaguar Freight. Hong Kong-based CK Hutchison Holdings recently announced its intent to sell a 90% stake in the Panama Ports Company, raising concerns about escalating US pressure on Chinese investments. The US has been actively working to limit China’s global influence, such as its Belt and Road Initiative and its control over critical assets like the Panama Canal. The...

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Chapter News

The Fed | Agencies issue 2024 Shared National Credit Program report

Federal bank regulatory agencies today reported in the 2024 Shared National Credit (SNC) report that credit risk associated with large, syndicated bank loans remains moderate. However, the agencies noted weakened credit quality trends continue due to the pressure of higher interest rates on leveraged borrowers and compressed operating margins in some industry sectors. The agencies also noted that the magnitude and direction of risk in 2025 is likely to be impacted by borrowers' ability to manage interest expenses, real estate...

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Member News

Jaguar Freight | Tariff Update: March 7, 2025

The tariff landscape for importers remains fluid as new duties on Mexico, Canada, and China took effect this week, with additional announcements made. Here’s the latest on key developments. Mexico & Canada: The previously suspended 25% tariffs on Mexico and Canada were reinstated Tuesday, with an amendment (click to read) taking effect at 12:01 AM today. The details of tariff enforcement are becoming complicated. For example, any Mexican or Canadian origin goods that qualify for free entry under the USMCA will NOT...

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Member News

Vulcan View: The latest EU developments 3 March – 7 March

EU leaders approve “ReArm Europe” plan to boost defence spending European Commission President Ursula von der Leyen unveiled the key elements of her proposed “ReArm Europe” plan on Tuesday (4 March), aimed at strengthening the EU’s defence spending and capabilities in response to the current era of rearmament. The plan includes €150 billion in subsidised loans to help member states bolster their defences. EU leaders endorsed its main lines on Thursday (6 March) during a special European Council meeting. Finally, Ms. Von der Leyen...

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