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Transatlantic News
Transatlantic News
29
Jun
From 1 July 2026, the EU will introduce a temporary €3 customs duty on low-value parcels imported from outside the EU, mainly through e-commerce. This includes a wide range of products commonly bought online, such as clothing, toys, electronics, and other consumer goods worth up to €150.
Every day, millions of low-value parcels enter the EU. Many contain products that do not meet EU safety standards or are undervalued or falsely declared to avoid customs duties. At the same time, the current customs duty exemption gives non-EU sellers an unfair advantage over businesses that manufacture...
26
Jun
Today’s AI policies will shape tomorrow’s job market.
Artificial intelligence has reignited an old fear—that technology will eliminate work faster than economies can adapt. Variations of this concern appear every time powerful new technologies emerge. What feels different today is the speed, scope, and visibility of AI’s advance, particularly in cognitive tasks long assumed to be uniquely human.
Yet history shows that whenever new technology emerges, economies ultimately undergo deep structural transformation. This allows labor markets to adapt to the potential...
25
Jun
Today, the Council formally adopted two regulations implementing the tariff-related commitments set out in the EU-US Joint Statement of 21 August 2025. The adoption completes the legislative process and confirms the EU’s commitment to a stable, predictable and mutually beneficial transatlantic trade relationship, while preserving the necessary guardrails to protect European economic interests.
"We are committed to a strong and open transatlantic partnership with our historic ally, but openness must go hand in hand with safeguarding our interests. These measures achieve both, supporting...
24
Jun
Today, the European Commission adopted an ambitious tax simplification package designed to simplify EU tax rules and reduce compliance burdens for businesses. The package comprises of two proposals, the Taxation Omnibus and the Recast of the Directive on Administrative Cooperation (DAC) and will modernise the EU's direct tax framework and strengthen the competitiveness of the Single Market while maintaining the existing strong level of protection against tax fraud, evasion and avoidance. The package is expected to save EU businesses around €8 billion annually,...
24
Jun
Blog | The adoption rate of AI is rising rapidly, but the intensive use that drives transformation and generates macroeconomic gains remains rare. This blog explores what sets intensive AI users apart and what firms need to deeply integrate AI into their production processes.
The advent of AI has been widely hailed as a driver of productivity growth. Yet simply adopting AI does not guarantee measurable improvements in firms’ efficiency. What does matter is what they use the new technology...
23
Jun
Secure, private and free-to-use means of payment, both online and offline
Privacy safeguards built in
Limits to individual holding, pilot testing and coordinated public awareness campaigns
The digital euro would offer citizens and businesses a private, secure and innovative way to pay, while reducing reliance on non-EU providers.
On Tuesday, the Economic and Monetary Affairs Committee adopted its position on the single currency package, consisting of three files. The one on the establishment of the digital euro was adopted by 43 votes to...
22
Jun
As firms around the world adopt AI tools, the impact of AI on labour markets is being widely discussed. While AI’s potential to disrupt job markets could be significant, its effects on aggregate employment appear to be muted so far. Still, there is growing evidence that AI is negatively affecting employment for specific occupational sub-groups, particularly junior workers in highly exposed occupations. This box analyses the effects of AI on employment growth in recent years, focusing on the United States, where...
18
Jun
Blog | New policy tracker shows many governments pursuing costly responses to fuel and food price hikes, leaving less room to address future challenges.
As governments move quickly to shield people and businesses from the energy shock caused by the war in the Middle East, early evidence suggests many countries are resorting to untargeted and potentially expensive policies amid tight budgets. If the recent peace talks lead to a quick normalization of trade and oil flows, and prices go back...