![European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources](https://eaccny.com/wp-content/uploads/2020/06/eaccny-logo.png){kind=logo}
Member News
Member News
16
Apr
In certain scenarios, there will be an overlap between the EU Artificial Intelligence Act (“AI Act”) and the EU General Data Protection Regulation (“GDPR”) when personal data is processed through regulated AI systems. To illustrate such overlaps in these scenarios, the table below gives an overview of the key requirements under the AI Act applicable to Providers* and Deployers*1 relating to high-risk AI systems* and links each of those requirements to a correlating requirement under GDPR.
This overview shall support...
16
Apr
Key insights
Higher tariffs mean companies must adapt their transfer pricing policies and supply chain management strategies to account for increased costs associated with importing goods.
If a company's actual results from transactions during the tax year are not arm's length, they are required to make retroactive adjustments to the transfer prices paid during the year.
Strategic declaration of transaction prices and participation in initiatives like Customs and Border Protection’s reconciliation program can help reduce duty liability.
By accurately...
15
Apr
By: Ryan Last, Daniel N. Anziska, Lindsay Austin, Sean P. McNally, Tom Tilton, and Charlene C. Goldfield, Troutman Pepper Locke
On April 11, the White House released a Presidential Memorandum, “Clarification of Exceptions Under Executive Order 14257 of April 2, 2025, as Amended,” which exempts a list of semiconductors and electronics from reciprocal tariffs issued under Executive Order 14257, “Regulating Imports with a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits,” as...
15
Apr
New and upcoming obligations
Why should I read this?
The first obligations under the EU AI Act are now in force.
Any business that places on the market, puts into service or otherwise uses artificial intelligence (‘AI’) systems within the EU will have obligations under the AI Act. The AI Act seeks to create a cohesive legal framework to safeguard against the adverse impacts of AI systems, while at the same time fostering innovation.
In this briefing, we examine the most recently implemented...
14
Apr
By Catherine Alvino, Marketing Manager, Tradewind Finance
International trade has a way of keeping you on your toes – and trade involving auto parts is no exception.
With recent tariff announcements from the U.S., automakers and auto parts suppliers are facing a new set of questions on how to best go about business.
40-80% of auto parts used in U.S.-made cars are imported, according to auto analyst Mel Yu. These parts come largely from Canada and Mexico in what is an intertwined supply...
14
Apr
By Noa Sussman, Director of Global Solutions, TECEX
The global data center market is surging, with investments projected to top $1.8 trillion by 2030, fueled by AI and cloud computing. According to McKinsey & Company, 70% of total demand for data center capacity will be driven by facilities that can host advanced AI workloads by 2030. Private equity firms, hyperscalers like AWS, Google Cloud, and Microsoft Azure, and real estate developers are all looking to capitalize on this explosive growth....
14
Apr
EIB Board approves €3.6 billion in financing for clean transport, energy and innovation, as well as upgrading water and sanitation in Africa.
EIB Board also backed broader support for Europe’s automotive sector, which has received more than €11bn EIB financing in the past five years.
EIF Board approved investment in deep tech venture capital fund and backing for war-affected companies in Ukraine.
The Boards of Directors of the European Investment Bank (EIB) and the European Investment Fund (EIF), meeting...
14
Apr
The US-China trade war continues to escalate, with the latest salvo from China coming Friday. In a statement, China retaliated against the reciprocal tariffs from the US by raising its levies on US goods to 125% from 84%, according to the Customs Tariff Commission of the State Council. This follows a busy week of tariff news published by the Trump administration who confirmed on Thursday that the US tariff rate on Chinese imports now effectively totals 145%. The news of the...
Other Chapter News
