![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
03
Mar
According to US Commerce Secretary Howard Lutnick, tariffs on imports from Canada and Mexico will happen as planned, starting at 12:01 am Tuesday and that the exact details of the tariffs will depend on negotiations.
After a 30-day delay from the tariffs’ original start date, US President Trump recently restated his intent to impose 25% tariffs - which are a tax on imports - on its two neighboring countries as a response to what he says is an unacceptable flow...
03
Mar
In what may be a surprise to those who thought that restrictions on the use of noncompetes would go away with the change in administration, this week, the Federal Trade Commission (FTC) announced that the agency will form a Joint Labor Task Force that will “prioritize rooting out and prosecuting deceptive, unfair, and anticompetitive labor-market practices that harm American workers.” FTC Chair Andrew Ferguson issued a memorandum reminding everyone that the FTC’s authority includes protecting American consumers in their role...
03
Mar
In recent weeks, while Russia's war on Ukraine continues and Beijing continues to harass its neighbors, the U.S. tariff threats and doubts that its defense commitments will be sustained, have emerged as the most significant challenge for businesses, investors, and policymakers. These tariffs are aimed at protecting domestic industries, forcing a re-shoring of production, and raising revenue. If, and when implemented, the tariffs can be expected to impact economic growth, inflation, and various industrial sectors. It signals a further...
03
Mar
The U.S. Trade Representative (USTR) has another proposal—impose port fees of up to $1.5 million on Chinese-built and operated vessels entering American ports. These fees, which could be considered as another form of tariffs, would aim to counteract China’s dominance in shipbuilding. However, it could also significantly increase costs for shipping companies utilizing Chinese-built ships, potentially disrupting global supply chains. The proposal also includes incentives for U.S.-built vessels and mandates for a portion of U.S. exports to be transported on...
01
Mar
In line with the President’s America First Trade Policy Memorandum and the Presidential Memorandum on Reciprocal Trade and Tariffs, the Office of the United States Trade Representative (“USTR”) is now inviting public comments regarding unfair trade practices and non-reciprocal trade arrangements on a country-by-country basis. The information provided will be used by the USTR in its report to the President, which is due on April 1, and will also inform future actions to address any harm to the United...
01
Mar
The Ministry for Foreign Affairs is continuing to strengthen the network of Finnish missions abroad by opening a third Consulate General in the United States. The new Consulate General will be located in Houston, Texas.
Finland currently has three foreign missions in the United States: the Embassy of Finland in Washington, D.C., and Consulates General in New York on the East Coast and Los Angeles on the West Coast. The Consulate General in Houston is scheduled to start its operations...
28
Feb
EU unveils €100 billion Clean Industrial Deal to boost green competitiveness
On Wednesday, 26 February, the European Commission announced its plan for EU competitiveness and decarbonisation through the Clean Industrial Deal. The strategy comes in response to increased competition from China and the U.S. with EU officials claiming that Europe can win on green technology.
There will be €100 billion in short-term relief to increase green manufacturing in the EU. The goal is to help traditional industries cut carbon emissions and boost...
27
Feb
On February 21, 2025, President Trump issued the America First Investment Policy Memorandum (“Memorandum”). The Memorandum aims to promote foreign direct investment (FDI) from “allies and partners” while restricting inbound investment from and outbound investment to “foreign adversaries,” such as China (including Hong Kong and Macau), Cuba, Iran, North Korea, Russia, and the Nicolás Maduro regime in Venezuela.
To achieve its FDI aims, the Memorandum requests a review of various Committee on Foreign Investment into the United States (CFIUS) procedures, limits the...
Other Chapter News
