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Member News
Member News
04
Aug
First, a tariff update:
The White House issued this fact sheet updating the reciprocal tariff rates for many countries on July 31 (read it here). Noteworthy is the new Aug. 8 start date.
Currently under question is the legality of the reciprocal tariffs with a federal appeals court considering a pivotal case that could significantly undermine President Donald Trump’s global tariff strategy. At the heart of V.O.S. Selections v. Trump is the question of whether Trump unlawfully bypassed Congress by using emergency powers to implement...
01
Aug
July 30, 2025
What happened?
On July 27, the United States and the European Union (EU) announced a framework trade agreement and released a Fact Sheet on July 28 that calls for the reduction of proposed tariff levels and includes new bilateral investment and procurement commitments. The White House on July 22 released a Fact Sheet outlining the terms of the US–Indonesia reciprocal trade agreement, previously addressed in PwC’s July 18 Tax Insight. The fact sheet highlights key tariff, regulatory, and...
01
Aug
EU and US reach a trade agreement
On Sunday, 27 July, European Commission President Ursula von der Leyen met with US President Donald Trump in Scotland to advance discussions on EU-US trade relations ahead of the 1 August tariff implementation deadline set by the US administration. During the meeting, Trump indicated that, should an agreement be reached, this would be “the end of it for a number of years.”
A preliminary 15% tariff framework agreement was reached, under which the EU commits...
31
Jul
New York, NY - July 30, 2025
In a bold move to streamline one of the most burdensome processes in enterprise operations, opAida.ai today announced the launch of RFI, an AI-driven platform that automates responses to Requests for Information-empowering business teams to respond faster, more accurately, and with complete transparency.
"Manual RFI responses cost companies time, money, and momentum," said Dr. Tianhao Wu, Co-Founder and CEO of opAida.ai. "With opAida's RFI platform, teams go from burdened to empowered-delivering answers with over...
30
Jul
Streamline Your Internships, Contractors, and Temporary Hiring with ACG Resources
As summer internship season kicks off, it’s the perfect time to ensure your hiring process is smooth, compliant, and hassle-free. At ACG Resources, we provide Employer of Record (EOR) and payroll services not only for summer interns, but also for any contractors or temporary employees you’d like to bring on without adding them to your payroll.
By acting as the official employer of record, we handle the legal and administrative responsibilities so you can focus...
29
Jul
Overview: The US and EU struck a trade deal that is less onerous than threatened and reduces the uncertainty plaguing businesses and investors. In May, President Trump threatened a 50% tariff on most EU goods, and yesterday, agreed to 15% (including autos and pharma, but not metals). There seems to be some debate over whether quota and tariff system will apply to steel and aluminum. The EU reportedly agreed to purchase $750 bln of US energy, "vast amounts" of military...
29
Jul
First, a quick check on tariff news after an eventful week:
• The US and EU have reached a trade deal that imposes a 15% blanket tariff on all EU goods imported into the US. avoiding the previously threatened 30% rate. In return, the EU has pledged hundreds of billions of dollars in U.S. investments. The agreement is set to take effect Friday.
• A “massive” deal has been made with Japan. According to a social media post by President Trump,...
25
Jul
By Rachel Szymanski, Chief Economist, Trepp
Commercial real estate (CRE) decisions are highly dependent on the macroeconomic environment, one that has become increasingly volatile and difficult to navigate. The biggest challenge is predicting whether large macro developments will unfold gradually or trigger sharp cascades.
In highly uncertain times, it becomes even more important to focus not just on tracking outcomes but on understanding the larger forces that shape how the economy will adjust to new developments. Beyond headline indicators, it is the...
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