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Transatlantic News
Transatlantic News
29
Aug
Today, the European Commission is putting forward two proposals paving the way for the implementation of the EU-US Joint Statement of 21 August 2025. These proposals are the first steps in said implementation and ensure tariff relief by the US for the vital EU automotive sector starting retroactively from 1st of August.
These steps contribute to restoring stability and predictability in EU-US trade and investment relations, to the benefit of business, workers and citizens on both sides of the Atlantic.
The first act concerns...
27
Aug
By Nina Furbach and Iván Ordoñez Martínez
Services are playing a growing role in global trade. The ECB Blog shows that this trend has been driven by a decline in non-tariff trade barriers. The euro area has benefited more than other regions and is highly competitive in the services sector.
Technological progress is driving a new phase of globalisation. Global trade has long been dominated by manufacturing goods. Yet, over the past decade, services trade has grown significantly faster, as technology...
27
Aug
A new report from the European Commission highlights a positive shift in education funding across Europe, offering a boost to the EU's competitive edge. Titled ‘Investing in Education 2025,' the report details multiple economic and social benefits and shows that public investment in education is recovering after the setbacks of the Covid-19 pandemic - though it has not yet reached the levels seen before the crisis. This uptick supports the goals of the Union of Skills strategy and suggests promising benefits for the...
25
Aug
Opening panel remarks by Christine Lagarde, President of the ECB, at the annual Economic Policy Symposium “The policy implications of labour market transition” organised by the Federal Reserve Bank of Kansas City in Jackson Hole
Jackson Hole, 23 August 2025
Alexis de Tocqueville – one of the keenest observers of early American democracy – once wrote: “History is a gallery of pictures in which there are few originals and many copies.”
In monetary policy, too, we often look to past cycles for...
22
Aug
The European Commission has today launched a Call for Evidence and a public consultation to seek input on the scope and content of its revision of the Guidelines on State aid for rescuing and restructuring non-financial undertakings in difficulty (‘Rescue and Restructuring Guidelines'). This input will be used to update the Guidelines to ensure that they remain fit to meet their objectives.
The Rescue and Restructuring Guidelines set out the conditions under which aid to non-financial undertakings in difficulty may be considered in line...
22
Aug
At “Labor Markets in Transition: Demographics, Productivity, and Macroeconomic Policy,” an economic symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming
Over the course of this year, the U.S. economy has shown resilience in a context of sweeping changes in economic policy. In terms of the Fed's dual-mandate goals, the labor market remains near maximum employment, and inflation, though still somewhat elevated, has come down a great deal from its post-pandemic highs. At the same time,...
21
Aug
The EU and US have issued a Joint Statement establishing a framework for fair, balanced and mutually beneficial transatlantic trade and investment. This Joint Statement confirms and builds on the political agreement reached by President von der Leyen and President Trump on 27 July.
The Joint Statement sets out the commitment on both sides to work towards restoring stability and predictability in EU-US trade and investment, for the benefit of businesses and citizens. It is the first step in a...
21
Aug
General
What are the main aspects of the Joint Statement?
The Joint Statement defines the new parameters for the EU-US trade relationship and brings back an important measure of stability and predictability in transatlantic trade for the benefit of businesses, workers and consumers on both sides.
The key commitments on both sides include:
• Application across the board of a maximum, all-inclusive 15% tariff ceiling for EU products subject to reciprocal tariffs. No additional tariffs will apply for products which are already subject to...
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