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Member News
Member News
11
Apr
EU implements a 90-day pause on steel and aluminium retaliatory measures
On 9 April, U.S. President Donald Trump called for a 90-day pause on his planned “reciprocal” tariffs. While tariffs on steel, aluminium, and automobiles remain in place, the EU will temporarily face only a 10% tariff.
In response to President Trump, on 10 April, European Commission President von der Leyen announced a 90-day pause in the planned steel & aluminium retaliatory tariffs, – a measure approved by EU member States just the day before. This pause will...
10
Apr
By Diane K. Roskies
In today’s highly mobile world, it is increasingly common for U.S. citizens and permanent residents to own homes abroad. These properties may have been acquired as vacation homes, inherited from parents who remained in their home countries or maintained as dual residences for work, particularly by executives of international corporations. Even after retirement, many individuals choose to retain their non-U.S. homes. In my practice, I have encountered all these scenarios involving U.S. persons who own second...
10
Apr
By Ian Hunter, Director, OCO Global
"I never get too attached to one deal or one approach". Chapter 2 of the Art of the Deal, "Trump Cards: The Elements of the Deal”.
In The Art of the Deal, President Trump underscores the significance of flexibility and the avoidance of excessive structure. Rigid agendas, he believes, can stifle innovation – particularly when market demands require an adaptable approach to capitalize on challenging opportunities. It’s a strategy that shaped his business empire, and now drives...
09
Apr
On April 2, 2025, President Trump signed a new Executive Order (the “Liberation Day EO”) implementing additional tariffs on almost all U.S. trading partners, invoking the International Emergency Economic Powers Act (IEEPA). Citing a lack of reciprocity in the U.S.’s bilateral trade relationships, disparate tariff rates and non-tariff barriers assessed by U.S. trading partners, and concerns over U.S. trading partners’ economic policies, the Liberation Day EO assesses an additional 10 percent baseline ad valorem duty on nearly all imports as of April 5,...
08
Apr
By Simon Kelly, Global VAT Services, RSM US LLP
For many Americans, the concept of Value-Added Tax (VAT) might seem unfamiliar or confusing. However, understanding European VAT is essential if you are a U.S. business owner looking to expand into Europe, a traveler planning a European adventure, or someone simply curious about global economics.
In the United States, sales tax is the predominant form of consumption tax, applied at the point of sale and varying by state and locality. In contrast,...
08
Apr
Since the start of the second Trump administration, Customs and Border Protection (CBP)’s surveillance measures have increasingly extended to travellers’ electronic devices. The US government has the authority to search all electronic devices at the border, irrespective of your legal status in the country or whether they have any reason to suspect you have committed a crime. You can state that you do not consent to such a search, but this likely will not prevent CBP from taking and...
08
Apr
Most EU cities plan more investments to fight global warming and expand public housing, schools and hospitals, new EIB survey shows.
Of EU municipalities surveyed, 56% to spend more on cutting greenhouse gas emissions and 53% to boost budgets for social infrastructure over next three years.
Cities across Europe increasingly want to tap new sources of financing for development on top of traditional national and EU grants.
Most cities in Europe plan to spend more on fighting climate change...
07
Apr
By Frank Desiderio, Partner, and Arthur Bodek, Partner, Grunfeld Desiderio Lebowitz Silverman & Klestadt
Even before all of the craziness that was kicked off on “Liberation Day”, GDLSK partners Frank Desiderio and Arthur Bodek were invited to give a presentation entitled “Truth or Dare – Trump Tariffs – Truth v. Fake News” to the Quebec General Delegation in New York on March 11, 2025.
We addressed the then current state of affairs as it related to:
Brief History of Trade War Tariffs
Review...
Other Chapter News
