![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
24
Feb
US importers are getting a reprieve from tariffs with major trade partners, but the looming threat of more tariffs has shippers biding time by continuing to frontload. A surge in imports is keeping trans-Pacific container rates high despite the usual seasonal slowdown. The increased demand for shipping capacity is impacting market rates and logistics planning. Carriers are benefiting from stronger than expected volumes, while shippers try to deal with cost fluctuations and disruptions. The general uncertainty around future tariffs has...
21
Feb
As of January 1, 2025, many clean energy credits have transitioned to a new statutory and policy framework focusing on “technology-neutral” facilities.
Recent final regulations under Sections 45Y and 48E have addressed many questions organizations voiced regarding the transition to the new rules.
The transition may present challenges for organizations as they work through the technical and practical aspects of the new framework.
A new statutory framework for clean energy tax credits
To make clean energy tax credits more technology-neutral,...
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...
Other Chapter News
