Trade & TTIP Related

02 Sep
Member News, Trade & TTIP Related

GDLSK | U.S. Court of Appeals for the Federal Circuit Rules Majority of President Trump’s Tariffs Illegal

In a split decision, 7 – 4, the Court of Appeals for the Federal Circuit (“CAFC”) affirmed the Court of International Trade’s (“CIT”) decision holding that President Trump’s IEEPA duties are contrary to law. This decision is limited to IEEPA Reciprocal Tariffs and IEEPA Fentanyl Tariffs (currently applicable on goods from China, Mexico and Canada) and does not invalidate the Section 232 tariffs on steel/aluminum/copper and derivatives and automotive products. While the CAFC held that IEEPA tariffs are contrary to law,...

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27 Aug
Chapter News, Trade & TTIP Related

ECB | Euro area benefits from easing services trade

By Nina Furbach and Iván Ordoñez Martínez Services are playing a growing role in global trade. The ECB Blog shows that this trend has been driven by a decline in non-tariff trade barriers. The euro area has benefited more than other regions and is highly competitive in the services sector. Technological progress is driving a new phase of globalisation. Global trade has long been dominated by manufacturing goods. Yet, over the past decade, services trade has grown significantly faster, as technology...

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26 Aug
Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | USA Tariffs Update: Agreement Reached with EU – New Country-specific Tariffs Adopted

By Dr. Eckart Gottschalk, Dr. Kai Westerwelle, and Dr. Nicolas Wiegand, CMS At a meeting between US President Donald Trump and EU Commission President Ursula von der Leyen on 27 July 2025, the US and the EU agreed on the introduction of a uniform, top flat rate for US tariffs of 15 % on goods from the EU. • The 15 % cap applies to almost all EU exports that are currently subject to reciprocal tariffs. However, if a most-favoured nation (MFN) tariff rate...

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21 Aug
Chapter News, Trade & TTIP Related

European Commission | EU and US publish Joint Statement on transatlantic trade & investment

The EU and US have issued a Joint Statement establishing a framework for fair, balanced and mutually beneficial transatlantic trade and investment. This Joint Statement confirms and builds on the political agreement reached by President von der Leyen and President Trump on 27 July. The Joint Statement sets out the commitment on both sides to work towards restoring stability and predictability in EU-US trade and investment, for the benefit of businesses and citizens. It is the first step in a...

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21 Aug
Chapter News, Trade & TTIP Related

European Commission | Questions and answers on the EU-US Joint Statement on Transatlantic Trade and Investment

General What are the main aspects of the Joint Statement? The Joint Statement defines the new parameters for the EU-US trade relationship and brings back an important measure of stability and predictability in transatlantic trade for the benefit of businesses, workers and consumers on both sides. The key commitments on both sides include: • Application across the board of a maximum, all-inclusive 15% tariff ceiling for EU products subject to reciprocal tariffs. No additional tariffs will apply for products which are already subject to...

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21 Aug
Chapter News, Trade & TTIP Related

U.S. Department of Commerce | Joint Statement on a United States-European Union Framework on an Agreement on Reciprocal, Fair, and Balanced Trade

The United States and the European Union are pleased to announce that they have agreed on a Framework on an Agreement on Reciprocal, Fair, and Balanced Trade (“Framework Agreement”). This Framework Agreement represents a concrete demonstration of our commitment to fair, balanced, and mutually beneficial trade and investment. This Framework Agreement will put our trade and investment relationship – one of the largest in the world – on a solid footing and will reinvigorate our economies’ reindustrialization. It reflects...

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19 Aug
Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | The U.S.–EU Trade Agreement Is at a Crossroads

By Simon Kaye, CEO, Jaguar Freight In late July, the U.S. and EU reached a provisional trade agreement to avert what could have become a full-blown trade war. A central provision of the agreement was that the U.S. would impose a 15% tariff on most EU exports, which was significantly lower than the previously threatened 30%, but triple the average 4.8 percent that European goods faced before Trump took office in January. In return, the EU pledged significant financial and energy...

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18 Aug
Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – The U.S. extends China tariff pause, imports surged in July, air cargo facing turbulence, supply chain visibility in healthcare, and improved container shipping emissions.

Last week, President Trump signed an executive order that extends the suspension of high U.S. tariffs on Chinese goods for another 90 days. Without the extension, tariffs would have returned to the peak levels of 145% on Chinese imports and 125% on U.S. goods that were seen in April. Since May, both sides have maintained reduced rates of 30% for the U.S. and 10% for China. Of course, what this means is uncertainty continues to prevail for now. U.S. containerized imports surged...

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11 Aug
Member News, Trade & TTIP Related

Jaguar Freight | The Weekly Roar – Preparing for new port fees, the July 2025 LMI, postponed EU tariff countermeasures, changes for air cargo and freight forwarding, and Gartner’s latest analysis of Gen AI adoption.

In tariffs news… the main story is that many of the long-promised country-specific tariffs went into effect on August 7. Hopefully, supply chains can move forward with more certainty and the true market impacts can begin to be understood. In an important country-specific update, President Trump issued an executive order (click to read) announcing an additional 25% tariff on India as punishment for importing Russian oil. Speaking of market clarity for importers, as part of the U.S. Maritime Administration’s recently introduced...

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11 Aug
Member News, Trade & TTIP Related

Transatlantic Trade Monitor: Facts You Need Now | Global Equity Strategy: Read-Through From Latest Tariff Announcements

Key Takeaways • The White House has announced a broader set of country-specific tariffs, with some higher than expected, such as the 39% tariff on imports from Switzerland. • We see announced tariffs as possibly resulting in a 4-percentage-point (pp) drag on 2025 MSCI AC World earnings growth. • Combined with signs of economic slowdown, the tariffs could raise questions about how sustainable continued near-term upside is for equity markets. In a new report from Citi Research, a team of equity strategists led...

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