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Transatlantic News
Transatlantic News
24
Mar
It’s easier to explain how the US got into its fiscal difficulties than how it will get out of them.
In 1990, US public debt stood at 43 percent of gross national product (GNP). The economy was growing only slowly, the unemployment rate exceeded 5 percent, and the Congressional Budget Office forecast that deficits would fall over the following five years, from 4.0 percent to 1.8 percent of GNP.
And yet President George H.W. Bush was so concerned about mounting national...
19
Mar
Suspension clause in case of new US tariffs
Sunrise clause: tariff preferences only effective when the US respects commitments
Stronger protection regarding steel imports
The International Trade committee adopted its position on Thursday on two proposals implementing certain tariff aspects of the EU-US Turnberry trade deal.
The International Trade committee adopted its position on Thursday on two proposals implementing certain tariff aspects of the EU-US Turnberry trade deal.
MEPs in the International Trade Committee adopted their position on two legislative proposals that eliminate...
18
Mar
The U.S. Department of Commerce today announced further implementation of the American AI Exports Program with a Call for Proposals from U.S. industry-led consortia to export full-stack AI technology packages. Under President Donald J. Trump’s AI Action Plan and export directives, the Department of Commerce is implementing a full-stack AI export package promotion program to advance America’s AI leadership globally.
“America’s continued global leadership in AI depends on our ability to export our AI to allies around the world,” said Under...
18
Mar
Why is the Commission proposing EU Inc.?
Today, for too many entrepreneurs and innovative companies, expanding across EU borders means navigating a fragmented corporate legal landscape. European companies looking to grow and scale are faced with navigating 27 national legal systems and over 60 company forms. On top of that, many processes still require manual paperwork, in-person appointments, and unnecessary documentation.
This can delay the setting-up of a company for weeks or even months, slowing growth, raising costs and discouraging scale. During the...
16
Mar
Capital markets integration, expanding opportunities for workers, and bigger consumer markets will allow companies to grow faster.
Europe once led the world in productivity growth but now lags the United States —and the gap has widened significantly in recent years.
The Chart of the Week shows that behind this shortfall is the staggering difficulty that European firms face in scaling up. In the United States, the stock market valuation of young firms (under the age of 50) is $42.9 trillion, compared to a...
13
Mar
Blog | "Forever chemicals” are synthetic substances that have been widely used for decades in industrial and consumer products due to their resistance to heat, oil, and water. Officially called per- and polyfluoroalkyl substances – or PFAS – they are man-made chemicals that do not degrade easily and accumulate in soil, water, air, and ultimately, the food we eat.
Forever chemicals can pose serious environmental and health risks, but they are also fast becoming a challenge in international trade, resulting...
13
Mar
Today the Council agreed its position on the proposal to streamline certain rules regarding artificial intelligence (AI).
The proposal forms part of the so-called “Omnibus VII” legislative package in the EU’s simplification agenda. The package includes proposals for two regulations aiming to simplify the EU’s digital legislative framework and the implementation of harmonised rules on AI.
"Streamlining the AI rules is essential for ensuring the EU’s digital sovereignty. As presidency, we worked on this proposal with urgency, reaching a swift agreement to facilitate the timely...
12
Mar
Blog| Piero Cipollone, Member of the Executive Board of the ECB
As payments and financial markets go digital, central bank money must evolve too. Through initiatives such as Pontes and Appia, the Eurosystem is working with market participants to ensure that tokenised finance can settle safely in central bank money, supporting innovation, integration and Europe’s financial sovereignty.
Technology is transforming how we communicate, travel, work and pay. The way that central banks issue money also needs to change, to meet the...
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