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TRANSATLANTIC NEWS

Chapter News, News, Trade & TTIP Related

The White House | Fact Sheet: President Donald J. Trump Updates Tariffs on Steel, Aluminum, and Copper Imports

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...
Chapter News, News, Trade & TTIP Related

European Parliament | Trade Committee Approves Deal on EU-US Trade Agreement

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...
Chapter News, News

OECD | Global Economic Outlook Weakens Amid Energy Shock and Rising Inflationary Pressures

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...
Chapter News, News

ECB | Europe Needs to Act to Strengthen the Role of its Currency

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...
Chapter News, News, Trade & TTIP Related

IMF | Rethinking Free Trade

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...
Chapter News, News

World Bank | Joint Statement by the Heads of the International Energy Agency, International Monetary Fund, World Bank Group and World Trade Organization

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,...

UPCOMING EACC EVENTS

Pan-European Tax Updates 2026 - Staying Ahead in Europe’s Fast-Moving Tax Landscape

Against the backdrop of the OECD’s recent Side‑by‑Side Package and ongoing implementation challenges around Pillar Two, U.S. multinationals with European operations are reassessing their tax positions, compliance obligations, and long‑term structuring choices. At the same time, Europe’s digital taxation debate is far from settled, with several countries maintaining or revisiting digital services taxes (DSTs) and the United States signaling potential responses. Layered on top of this are significant EU‑level legislative shifts - including the status of key directives and the potential repeal of ATAD2 provisions targeting holding companies with insufficient substance - as well as national‑level reforms across major jurisdictions in Europe.

PRIVATE MEETING | “Café & Korvapuusti” - Open Dialogue About the State of Affairs in Transatlantic Trade

Amid shifting global trade policies - and in a moment when the U.S. administration is reshaping the direction of economic and regulatory priorities - New York’s trade community faces a renewed need to coordinate, and stay ahead of change. In this environment, it is important to come together, compare notes, and exchange insights with colleagues who are navigating similar pressures and challenges. To support this need, EACCNY has launched the Trade Commissioners’ Roundtable, a dedicated forum for New York based Trade & Investment Officers to connect with counterparts from across the EU and North America.

    PARTNER EVENTS

    Strengthening Risk, Controls, and AI Governance for Law Firm Leadership

    Hosted by Anchin | As firms work more closely with banks, clients, and other third parties, expectations around internal controls and IT security are becoming increasingly interconnected. Security reviews today extend well beyond technical safeguards to evaluate the strength of underlying operational and financial controls. Gaps in these areas can expose firms to heightened risk, regulatory scrutiny, and operational inefficiencies.

    Webinar | Focus on Scaling Your Business: Attract and Retain Talent

    Hosted by The Medical Link | Expanding into the U.S. market comes with exciting opportunities — but also challenges when it comes to hiring, Human Resources, Payroll, and Employee Benefits. We’re hosting a webinar on June 9 focused on how international companies like yours can streamline their U.S. operations while attracting and retaining top talent.

      MEMBER NEWS

      Member News, News

      McCann Fitzgerald | EU Inc. – A Game‑Changer for European Founders?

      “EU Inc. by its very name speaks the language of investors…” (EU Commissioner Michael McGrath, 18 March 2026). The European Commission announced its welcome proposal for EU Inc, the centrepiece of its wider plans for a ‘28th regime’, which looks to be a game-changer for European founders, entrepreneurs and investors.  The proposal envisages a new (optional) type of corporate vehicle which would benefit from a swift incorporation process, streamlined administration and a ‘digital by default’ set of rules. At a glance: Key benefits Underpinned by key principles such as ‘once...
      Member News, News, Trade & TTIP Related

      Fox Rothschild | US Trade Representative Proposes Tariffs on All 60 Economies in Forced Labor Import Ban Investigations

      Key Points USTR has proposed additional Section 301 tariffs of 10 – 12.5% on imports from all 60 economies under investigation for failing to impose and/or enforce forced labor import bans, affecting nearly all U.S. import trade by value. Companies with global supply chains should immediately model the cost impact of these proposed tariffs across their sourcing footprint and evaluate whether their products may qualify for limited exemptions, including those for Section 232 goods, certain raw materials, and products posing economy-wide...
      Member News, News, Trade & TTIP Related

      PwC | Trump Administration Further Adjusts Section 232 Tariffs on Aluminum, Steel, and Copper Imports

      What happened?  President Trump issued a Proclamation on June 1 further modifying the Section 232 tariff regimes applicable to imports of aluminum, steel, copper, and certain derivative products. The Proclamation establishes a temporary tariff framework, effective June 8, 2026 through December 31, 2027, for certain products identified in Annex I-C, including a generally applicable 25% duty rate, alternative tariff treatment for products from specified trading partners, and special rules for qualifying United States–Mexico-Canada Agreement (USMCA) products. This Proclamation also lowers the threshold for...
      Member News, News

      RSM | RSM Marks 100 Years of Serving in the Middle Market

      June 2, 2026 – RSM US LLP (“RSM”) - the leading provider of consulting, tax and assurance services for the middle market - is celebrating its 100th anniversary, marking a century of advising middle market businesses through periods of economic, operational and technological change. In New York and across the region, RSM serves companies that are helping shape the economy and drive growth across industries, reflecting the broader impact of the middle market nationwide. "A hundred years doesn't happen without extraordinary...
      Member News, News, Trade & TTIP Related

      Troutman Pepper Locke | Government Plans to Appeal Universal IEEPA Tariff Refund Order

      Key Points The DOJ has appealed Judge Richard K. Eaton’s universal refund order requiring CBP to return about $166 billion in IEEPA duties. The government’s three-category framework for IEEPA refunds distinguishes unliquidated entries, finally liquidated entries with CIT suits, and finally liquidated entries without suits, with the last category driving the appeal. Judge Eaton denied the government’s attempt to substitute lower-ranking officials for CBP Commissioner Rodney S. Scott, ordering Scott to testify despite the government’s “apex doctrine” arguments. The...
      Member News, News

      Ogletree Deakins | New Executive Order Calls for Stricter Vetting by Financial Institutions

      On May 19, 2026, President Donald Trump issued Executive Order No. 14406 (“Restoring Integrity to America’s Financial System”), which is likely to impact access to financial services for employees who are not U.S. citizens. Quick Hits On May 19, 2026, President Trump issued an executive order calling for stricter due diligence requirements when financial institutions vet customer applications. The executive order requires banks and financial services companies to treat customers’ immigration status as a factor in evaluating potential financial risk. ...

      Latest & Leading

      Celebrating Memorial Day

      The EACC New York Executive Director, joined our President and Chair of the American Battle Monuments Foundation, James Rosener, for a beautiful Memorial Day ceremony in Battery Park to commemorate the American and allied soldiers who fought for our freedom in WWII. The celebration was attended by representatives of the Allied Forces and every branch of the US Military that was involved in the battle of the Atlantic that turned the tide in WWII.

       

       

      Member Spotlight

      Osborne Clarke is full-service international law firm providing a comprehensive and pragmatic global legal solution for US businesses. Established in Silicon Valley in 2000, Osborne Clarke was one of the first European law firms with a permanent US presence. Today, their US-based team across New York and the Bay Area helps US businesses navigate international growth with practical, in-time-zone support. Osborne Clarke’s team does not practice US law and instead focuses on overseas legal issues – giving clients direct access to deep European and international expertise. The firm has 25 international locations spanning across Europe, Asia and the US, with over 1,640 lawyers and 330 partners experienced in working with a variety of companies in global markets. Osborne Clarke’s cross-border capabilities include Transactions, Regulatory, Disputes, Global Compliance, Data & Technology, International Expansion, International Employment & HR, Global Contracts, IP & Patent Support, Real Estate, Finance & Banking, and Global Tax. In addition, sector expertise includes Tech, Media & Telecoms, Energy Transition, Life Sciences & Healthcare, Financial Services, Retail & Consumer, Mobility, Infrastructure, and The Built Environment.

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      EACCNY in Numbers

      Other EACC Chapters

      EACCNY Presidential Circle and Platinum Members

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