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Member News
Member News
29
Jan
Aalborg, Denmark – January 22, 2025 – MDSI (EU & US) announced today collaboration partnerships with Integrity ISR, LSAS Tec, and NAL Research to pursue concept exploration and advanced development in multi-domain situational awareness. The partnership is initially focused on expanding Quantum Eye, MDSI EU’s multi-domain situational awareness platform, which is now providing critical ISR services for Greenland.
The new high-performance team consisting of MDSI, Integrity ISR, LSAS Tec, and NAL Research will bring a best of industry approach to...
28
Jan
Overview: The US dollar recorded lows for the month against many of the major currencies yesterday but has come back bid today. We had anticipated some consolidation ahead of the conclusion of the FOMC meeting tomorrow, and the dollar's downside momentum faded. Yet, today’s gains have been fueled by new tariff threats. In particular, Bessent, the new Treasury Secretary, said to be a moderate, reportedly was advocated increasing a universal tariff by 2.5% a month until reaching the levels President...
27
Jan
Now in office, President Trump has signed an executive order directing federal agencies to investigate unfair trade practices and currency policies, particularly concerning China, Canada, and Mexico. As of this writing, he hasn’t imposed tariffs, but he has indicated he will—as soon as February 1. Specifically, a 25% tariff on imports from Mexico and Canada. He also announced a new External Revenue department that will oversee the collection of duties from any countries subjected to future tariffs.
Despite a recent ceasefire between...
24
Jan
The European Stability Mechanism (ESM) and the European Investment Bank (EIB) signed today a Memorandum of Understanding (MoU). Its overall aim is to further strengthen and enhance the bilateral partnership and collaboration between both institutions, and to develop, consolidate, and define their mutual cooperation.
“The Memorandum of Understanding signed today opens a new chapter in our collaborative framework. It builds upon the ongoing partnership since the early days of the EFSF in 2010, when the EIB provided valuable support in...
24
Jan
Donald Tusk revealed Polish Presidency priorities with focus on defence
Polish Prime Minister Donald Tusk addressed MEPs in Strasbourg on Wednesday (22 January), presenting Poland’s agenda for its six-month presidency of the EU Council. Under the slogan of ‘Security, Europe!’, Tusk outlined defence as the paramount theme in the EU for the next six months, given an increasingly volatile global landscape, while also touching on migration, energy, and economic resilience.
Defence
Mr. Tusk highlighted the unprecedented challenges facing the EU, urging a...
23
Jan
By Erik Smithweiss | U.S. Customs and Border Protection (CBP) has recently issued two proposed amendments to the regulations governing the clearance of “de minimis” shipments. Under Section 321 of the Tariff Act, good valued at $800 or less (and gifts under $100) per shipment may enter the U.S. without payment of customs duties.
The first proposed amendment, titled “Entry of Low-Value Shipments” (ELVS), would establish a dual-track entry process for de minimis shipments. This proposal would create an “enhanced” entry...
23
Jan
What happened?
On day one of his Administration, President Trump signed two Executive Orders (presidential directives to the executive branch, having the force of law) signaling a clear change in direction from the Biden Administration on global tax and trade policy. The first takes aim at the OECD’s two pillar project, referred to as the ‘global tax deal,’ and essentially nullifies the US’s agreement to the project. The second is a series of directions to implement ‘America First Trade Policy.’...
22
Jan
Since 2018, the United States has imposed and maintained nearly $80 billion in new tariffs. Importers seeking to minimize the impact of elevated tariffs have few tools available to them. However, one such tool is the “first-sale” method of appraisement.
Utilizing the first sale method of appraisement, GDLSK recently helped one client save more than $20 million. Companies in virtually any industry can take advantage of the first-sale rule and GDLSK can advise whether it can work and how it...
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