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Member News
Member News
21
Feb
EU faces defence spending dilemma as US support wavers
European leaders are confronting a pressing dilemma: how to fund a significant surge in defence spending amid rising security threats and waning U.S. military support. With the U.S. signalling potential cuts to aid for Ukraine and President Trump urging European nations to allocate 5% of their GDP to defence, the EU must find ways to mobilise an estimated €500 billion in additional defence investments over the next decade. Policymakers are now exploring options such...
17
Feb
By Erik Smithweiss and Sarah Raymond
On February 14, 2025, the Trump administration released the list of “derivative” products that will be subject to the 25% steel and aluminum tariffs under Section 232. The notices are scheduled to be published in the Federal Register notice on Tuesday, February 18, 2025. The specific HTS subheadings are available here (steel) and here (aluminum).
The steel and aluminum derivative tariffs will impact a broad range of downstream products, including the following:
– Nearly all of...
17
Feb
In this week’s Roar: Expediting imports, declining freight rates, the off-again on-again de minimis exemption, Mexico’s tariffs plans, and the costs of changing trade policies.
Heightened concerns over increased US-China trade tensions (even compared to just a few weeks ago) are prompting shippers to further frontload their imports. They’re hoping to mitigate some of the impact of anticipated tariffs. This could mean that the usual seasonal lull in container volumes after the Lunar New Year are diminished and that Trans-Pacific...
14
Feb
On Wednesday (12 February), the European Commission unveiled its long-awaited 2025 Work Programme, setting its political and legislative priorities for the year ahead. The programme places simplification at its core, aiming to make EU rules more effective, reduce bureaucracy, and boost competitiveness—key in a context of economic, industrial, and geopolitical challenges.
The 2025 Work Programme follows an implementation and simplification agenda, which aims to reduce administrative burdens -including the different Omnibus packages. It places a strong focus on industrial decarbonisation and simplifying regulations for...
14
Feb
On January 29, the U.S. Copyright Office published the second part of a planned three-part report on copyright and artificial intelligence (AI), this time focused on the question of copyrightability for AI-generated creative works. The first part, published in July 2024, explored the legality of so-called digital replicas of individuals’ likenesses, or “deepfakes.” The report is the product of a sweeping new initiative on AI launched by the Copyright Office in 2023 in response to the first crop of copyright registrations for...
14
Feb
On February 1, President Trump announced new tariffs on imports from Canada, Mexico, and China, which sparked intense negotiations with the affected countries. On February 10, President Trump reportedly announced 25% tariffs on all steel and aluminum imports — and there is the possibility of further tariff announcements on the horizon. As we continue to monitor the situation, this comprehensive analysis delves into the potential far-reaching consequences of the first round of proposed tariffs and what they could mean...
12
Feb
Authors: Erik Smithweiss and Sarah Raymond
The Trump Administration issued Presidential Proclamations on February 10, 2025, under Section 232 of the Trade Expansion Act of 1962, making major changes to U.S. tariff policy on steel and aluminum imports.
Effective March 12, 2025, all steel and aluminum imports covered by the prior Section 232 actions — regardless of origin — will be subject to an additional 25% tariff. Countries that once benefitted from alternative tariff agreements — Australia, Canada, Mexico, South Korea,...
11
Feb
By Ian Hunter
“Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game.”
- Donald Trump, The Art of the Deal
President Trump has never seen trade policy as just economics – it’s a high-stakes game, and winning is everything. Throughout his career, he has framed trade deficits as evidence of American weakness, blaming past administrations for allowing U.S. manufacturing to decline while foreign goods flood the market. With Washington...
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