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Trade News
Trade News
29
Jul
Overview: The US and EU struck a trade deal that is less onerous than threatened and reduces the uncertainty plaguing businesses and investors. In May, President Trump threatened a 50% tariff on most EU goods, and yesterday, agreed to 15% (including autos and pharma, but not metals). There seems to be some debate over whether quota and tariff system will apply to steel and aluminum. The EU reportedly agreed to purchase $750 bln of US energy, "vast amounts" of military...
29
Jul
On 27 July 2025, European Commission President Ursula von der Leyen and US President Donald J. Trump agreed a deal on tariffs and trade.
The transatlantic partnership is a key artery of global trade and is the most significant bilateral trade and investment relationship in the world. EU-US trade in goods and services has doubled over the last decade, surpassing €1.6 trillion in 2024, with €867 billion of trade in goods and €817 billion of trade in services. That is over €4.2 billion of goods and services crossing the Atlantic every...
28
Jul
We have reached a deal on tariffs and trade with the US.
Today's deal creates certainty in uncertain times. It delivers stability and predictability, for citizens and businesses on both sides of the Atlantic. This is a deal between the two largest economies in the world. We trade USD 1.7 trillion per year. Together we are a market of 800 million people. And we are nearly 44% of global GDP. Just a few weeks after the NATO summit, this is...
25
Jul
By Rachel Szymanski, Chief Economist, Trepp
Commercial real estate (CRE) decisions are highly dependent on the macroeconomic environment, one that has become increasingly volatile and difficult to navigate. The biggest challenge is predicting whether large macro developments will unfold gradually or trigger sharp cascades.
In highly uncertain times, it becomes even more important to focus not just on tracking outcomes but on understanding the larger forces that shape how the economy will adjust to new developments. Beyond headline indicators, it is the...
21
Jul
What happened?
Over the past week, President Trump has continued to pursue tariff enforcement measures as part of the administration’s broader trade policy agenda. President Trump has escalated the administration’s tariff strategy with new and proposed duties on goods from the European Union (EU), Mexico, Canada, and Russia, while simultaneously pursuing trade negotiations that led to preliminary agreements with Vietnam and Indonesia, and a potential agreement with India nearing completion. These steps are aimed at reducing bilateral tariffs and expanding...
15
Jul
By Ian Hunter, Director, OCO GLOBAL
On Saturday, President Trump confirmed a 30 % tariff on most imports from the EU and Mexico, set to begin August 1. While the final product list is still pending, the administration has signaled – most recently on July 8 – that additional, sector-specific tariffs on semiconductors are being considered. Reuters reporting indicates these could exceed 25%, targeting critical inputs like chipmaking tools (Reuters, July 9). While not yet finalized, the prospect alone is creating uncertainty...
15
Jul
By September 30, State Agencies Will Compile Data on Effects of Federal Tariffs on New York Consumers, Small Businesses, Farmers, Construction, Tourism and Other Sectors
State Officials Will Use Data Across Each Sector To Produce A Statewide Tariff Economic Impact Report by October 31
Read the New Memo to State Agencies
To Keep New Yorkers Up-To-Date on Programs Available for Tariffs Impact, Governor Launched Tariff Resource Guide
Traducción al español
Governor Kathy Hochul today announced actions to assess cost increases and supply chain disruptions caused...
14
Jul
President Trump has sent letters to over two dozen countries (so far) warning them of new, higher tariffs that are set to take effect August 1. That is, unless, they secure new trade deals with the US. Many of the new rates are close to what Trump had imposed as part of his “liberation day” tariff rollout in April, which set a 10% baseline for nearly all countries and slapped much higher duties on dozens of individual nations. According to the letters,...
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