16 Jul
Member News

Bannockburn Capital Markets | USD Steadies after Yesterday’s Surge, but Does it have Legs?

Overview: The dollar has steadied today after yesterday's jump. Asia and Europe do not seem to be as enthusiastic about the dollar as North America seemed to be yesterday. President Trump indicated that sectoral tariffs on semiconductor chips and pharmaceuticals could be announced as early as August 1. He also said that there will be more bilateral deals announced. The greenback is mostly a little softer against the G10 currencies, with the Scandis the notable exception, unable to find much...

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15 Jul
Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | When the CHIPs are down: the Case for Semiconductor Corridors

By Ian Hunter, Director, OCO GLOBAL On Saturday, President Trump confirmed a 30 % tariff on most imports from the EU and Mexico, set to begin August 1. While the final product list is still pending, the administration has signaled – most recently on July  8 – that additional, sector-specific tariffs on semiconductors are being considered. Reuters reporting indicates these could exceed 25%, targeting critical inputs like chipmaking tools (Reuters, July 9). While not yet finalized, the prospect alone is creating uncertainty...

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15 Jul
Chapter News

ECB | The digital euro: legal tender in the digital age

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 Thank you for inviting me to take part in this exchange of views. I would like to talk about why we need the digital euro – and the cost of not pursuing it. My message is simple. The main reason for issuing a digital euro is to preserve the benefits of cash in the digital era....

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15 Jul
Chapter News, New York Related News, Trade & TTIP Related

New York State Governor | Taking Action on Tariffs: Governor Hochul Directs New York State Agencies to Report on Cost Increases and Supply Chain Disruptions Caused by Trump’s Tariffs

By September 30, State Agencies Will Compile Data on Effects of Federal Tariffs on New York Consumers, Small Businesses, Farmers, Construction, Tourism and Other Sectors State Officials Will Use Data Across Each Sector To Produce A Statewide Tariff Economic Impact Report by October 31 Read the New Memo to State Agencies To Keep New Yorkers Up-To-Date on Programs Available for Tariffs Impact, Governor Launched Tariff Resource Guide Traducción al español Governor Kathy Hochul today announced actions to assess cost increases and supply chain disruptions caused...

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14 Jul
Member News

IPTI | Property Tax in the News – July 2025

IPTI’s usual monthly newsletter - the “President’s Message” - contains, inter alia, some summarised news articles from around the world. This IPTI publication - “Property Tax in the News” - contains some of the more interesting news articles concerning property taxes in North America and Europe which is where many of our members have a particular interest. Links to these and more, similarly summarised, articles - from North America, Europe and around the globe - can be found in...

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14 Jul
Member News

EIB Group moves forward to strengthen transparency, accountability and workplace well-being

The European Investment Bank (EIB) Group has been taking decisive steps to strengthen transparency, accountability, and workplace well-being. These include a 14-point Action Plan, launched in July 2024, developed with staff representatives to address priority areas identified through staff surveys. To date, the Group has delivered several concrete measures as part of this change: Appointment of an independent Ombudsperson that will join the EIB Group on 1 October to serve as a neutral resource and support confidential conflict resolution. Completion of...

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14 Jul
Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – Lots of letters, air rates holding steady, it’s worse again in the Red Sea, the final end of the de minimis exemption, and what does supply chain resilience really mean?

President Trump has sent letters to over two dozen countries (so far) warning them of new, higher tariffs that are set to take effect August 1. That is, unless, they secure new trade deals with the US. Many of the new rates are close to what Trump had imposed as part of his “liberation day” tariff rollout in April, which set a 10% baseline for nearly all countries and slapped much higher duties on dozens of individual nations. According to the letters,...

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11 Jul
Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | Trade shocks, employment and the coming recession

The recession will start on the docks of Los Angeles. It will be a product of a rational response of producers, wholesalers and retailers to the uncertainty created by policymakers. The cost of those policy decisions is a misapplied consumption tax on households and businesses, which will soon cause a premature and unnecessary end to the expansion. Rising inflation, declining real incomes and increasing unemployment will follow. The price of those policies will first be paid at the ports and then...

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11 Jul
Chapter News

ECB | Banks have made good progress in managing climate and nature risks – and must continue

By Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB European banks have made forward strides in managing climate and nature-related risks. But more still needs to be done as we often see that practices are only applied to a subset of relevant exposures, geographic areas and risk categories. To help banks improve further, later this year the ECB will publish an updated set of good practices observed in banks...

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11 Jul
Chapter News

IMF Executive Board Concludes 2025 Consultation with Euro Area

Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the 2025 discussions on common euro area policies with member countries. This year, the consultation also included a discussion of the findings of the Financial Sector Assessment Program (FSAP) exercise for the euro area. Growth in the euro area is likely to stay moderate over 2025-27. Trade tensions and elevated uncertainty are expected to weigh on activity, despite some boost from higher defense and infrastructure spending. In addition, the geopolitical...

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