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Transatlantic News
Transatlantic News
04
Jun
Geopolitical rivalry does not end the need for trade cooperation, but the multilateral system must adapt.
For decades, the global economy rested on the premise that international trade was beneficial despite geopolitical differences. The rules of the multilateral trading system, established with the General Agreement on Tariffs and Trade (GATT) in 1947 and embedded in the World Trade Organization (WTO) in 1995, were crafted for a world where governments rarely used trade to achieve geopolitical goals. That world is now...
04
Jun
BOLSTERING DOMESTIC MANUFACTURING OF STRATEGIC METALS: Today, President Donald J. Trump signed a Proclamation adjusting certain metals tariffs to more effectively address national security threats, spur investment in American agriculture, housing, and manufacturing, and facilitate U.S. production of related products.
The Proclamation adjusts the tariffs on agricultural equipment, like combines and harvesters, as well as certain other equipment, from 25% to 15%.
The Proclamation also expands the existing category of industrial equipment subject to a 15% tariff to include mobile...
03
Jun
On Tuesday, the International Trade Committee gave its green light to two pieces of legislation implementing EU tariff commitments under the August 2025 EU-US Joint Statement.
MEPs on the International Trade Committee (INTA) approved the provisional agreement, reached on 2 May 2026 with the EU Council, implementing EU tariff commitments under the August 2025 EU-US Joint Statement.
The two legislative acts were adopted by 31 votes in favour, 6 against, and with 3 abstentions (adjustment of customs duties and opening of tariff...
03
Jun
Watch the live webcast of the press conference.
The evolving conflict in the Middle East has become the dominant force shaping global economic prospects, prompting an energy shock that is driving inflationary pressures and is projected to have adverse impacts on growth, according to the OECD’s latest Economic Outlook.
Due to the uncertainty around the evolution of the conflict, the Outlook sets out two scenarios: a time-limited disruption scenario, in which energy production and trade in the Gulf economies progressively return to pre-conflict...
02
Jun
Blog | The euro’s international use has grown in recent years, but largely by circumstance rather than by design. In a more contested global monetary system, Europe needs to act deliberately to strengthen the role of its currency – building on solid foundations, keeping pace with global shifts and matching policy ambition with concrete steps.
The international monetary system is becoming more contested. Major economies that once trusted the system to work on its own are now actively shaping the...
02
Jun
US policymakers are rebalancing economic efficiency with national security amid rising geopolitical risk.
When it comes to international trade, countries have always weighed economic efficiency against national security. After World War II, they pursued free international trade through low tariffs in the belief that it was both economically efficient and politically stabilizing. World trade tripled as a share of GDP between 1950 and its peak in 2008, with about half of this trade in intermediate goods, reflecting the importance of cross-border production relationships. Although...
01
Jun
Washington, May 29, 2026: The Heads of the International Energy Agency, International Monetary Fund, World Bank Group and World Trade Organization met on May 28 as part of the high-level coordination group established in April to maximize their institutions’ response to the energy, trade, and economic impacts of the war in the Middle East. Following the meeting, they issued the statement below:
“The war in the Middle East is generating substantial and highly asymmetric impacts on energy supplies, food security,...
01
Jun
Europe's startup and scaleup ecosystem has been growing steadily, according to the first-ever European Startup and Scaleup Scoreboard (ESSS) published today by the European Commission.
The scoreboard reveals a clear trend: pro-startup policies drive real results. Since 2020, the baseline year for the Scoreboard, 20 out of 27 EU Member States have improved their performance, proving that targeted support for founders fuels innovation, job creation, and economic growth.
Where policy leads, founders follow
The Scoreboard highlights a direct link between innovation-friendly regulations, access to...