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EU-US trade deal does not include wine and spirits, says EU trade chief BRUSSELS (Reuters) -The EU-U.S. trade deal does not include wine and spirits, European Union Trade Commissioner Maros Sefcovic said on Thursday, adding that the door was not closed to tariff reductions for the sector and others not included in the deal. He made the comments after the European Union and the United States detailed commitments made in a deal reached last month that includes a 15% U.S. tariff on most imports from the bloc, including autos, pharmaceuticals, semiconductors and lumber. "This one we didn’t get in. But I can tell you that there is clear commitment from the European Commission to put it on the table", Sefcovic said, referring to wines and spirits. "Without a permanent return to zero-for-zero tariffs on spirits, American distillers do not have the certainty to plan for future export and job growth without the fear of retaliatory tariffs returning", it said. It added that it was "determined to continue engaging with the Trump administration to urge for additional negotiations".

6 months ago

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Germany’s auto association says EU-US trade deal must take effect now BERLIN (Reuters) -Germany’s VDA auto association said on Thursday that the promised trade agreement between the EU and the United States needed to be implemented now so the industry could receive some relief. Sectoral tariffs of 27.5% "remain in place and place a significant burden on German automakers and automotive suppliers, as well as on transatlantic trade," said VDA President Hildegard Mueller in a press release. A source familiar with the EU-U.S. negotiations had said on Wednesday that the EU will likely have to wait a few more days for an executive order by U.S. President Donald Trump.

7 months ago

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BI Foresight

@biforesight.bsky.social

7 months ago

Quantum market forecast: what’s driving quantum computing? - Foresight With public funding surging and private investment following, countries and companies are vying for early market share and technology breakthroughs, at least according to McKinsey and Capgemini report...

Quantum is no longer theoretical.

With $97bn on the horizon, nations are investing, enterprises are piloting, and cyber threats are getting real.

2025 marks the shift from if to how fast.

#Quantum #CyberSecurity #CHIPSAct #EUStrategy #BIforesight

biforesight.com/quantum/quan...

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🇨🇦🍁True Canadian 🍁🇨🇦

@canadian-capt.bsky.social

8 months ago

🧱 The EU is stockpiling critical minerals to brace for global shocks. Planning ahead isn’t fear—it’s wisdom. Resilience is the real superpower. #Geopolitics #ResilientFuture #EUStrategy

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Car import quotas, export credits on table for EU-US trade talks, sources say By Christoph Steitz, Julia Payne and David Lawder FRANKFURT/BRUSSELS/WASHINGTON (Reuters) -Brussels is discussing with U.S. counterparts a range of measures aimed at protecting the European Union’s auto industry from steep U.S. import duties, including tariff cuts, import quotas and credits against the value of EU automakers’ U.S. exports, industry sources and trade officials say. The talks are part of efforts by the European Commission, the bloc’s executive branch, to reach a trade agreement outline with the United States in the coming days, ahead of the August 1 deadline set by U.S. President Donald Trump for broad tariff increases. Trump said on Tuesday he would "probably" tell the EU within two days what rate it could expect for its exports to the U.S., adding that the 27-nation bloc had become much more cooperative. EU negotiators have sought relief from tariffs in key sectors such as autos and aerospace. One EU diplomat previously said cars were a "red line" for the bloc, making a U.S. concession on cars a caveat of any deal. Since April, EU carmakers have incurred a 25% U.S. import tariff on top of the 2.5% already in place. The levy is separate from Trump’s prior threatened 20% "reciprocal" tariff announced in April but dialed back to 10%. Discussions are ongoing and it is unclear if the U.S. administration will agree to all terms from its biggest bilateral trading partner, the sources said. The White House, the U.S. Trade Representative’s Office and the Commerce Department did not immediately respond to requests for comment on the U.S.-EU negotiations. The European Commission also had no immediate comment for this story. EU trade chief Maros Sefcovic said on Wednesday the Commission has made good progress on a framework trade agreement with the United States and a deal may be possible in the coming days. The sources - two European industry sources, three European officials and three U.S. industry sources familiar with the talks - declined to be identified because the talks are confidential. EXPORT CREDITS A U.S. source and one European official said things are moving "fast" in the negotiations. On the table is a proposal that would provide some relief from import tariffs for carmakers that produce vehicles in the United States and export them to other countries, three of the sources said. Under that plan, carmakers that export vehicles from the U.S. would get credits for that export value, which could then be applied against the value of any imports from the EU into the U.S., the U.S. source said. That would allow companies to import that value of vehicle duty-free or at a reduced rate, while anything above it would be subject to the maximum tariff. Such a mechanism would benefit carmakers BMW (ETR:BMWG) and Mercedes-Benz (OTC:MBGAF), which both have major production hubs in the United States for sport-utility vehicles, with a significant share of their output exported. Two sources said the U.S. had offered some relief if a company agrees to make additional investment, a mechanism that would help Volkswagen (ETR:VOWG_p), which barely exports out of U.S. plants but is weighing a local factory for its Audi brand. The terms are a delicate balancing act for Brussels as it tries to find concessions that are acceptable to carmakers such as BMW, Porsche, Volkswagen and Mercedes-Benz, as well as to the Trump administration, which wants to boost U.S. manufacturing and create jobs. TARIFF RATES, QUOTAS DISCUSSED Europe shipped nearly 758,000 cars worth 38.9 billion euros ($45.57 billion) to the U.S. in 2024, more than four times as many as in the other direction, according to data from European auto association ACEA (BIT:ACE). Two of the sources said the framework may be similar to the one agreed with Britain in May. In that deal, the U.S. cut tariffs on British-made cars to 10% and British carmakers received a import quota of 100,000 cars a year at the lower tariff rate, almost the total Britain exported last year. While the EU had proposed a similar tariff-rate quota with a certain number of vehicles imported, two U.S. industry sources said the Trump administration was leaning against this. Three sources said both sides have discussed cutting their respective auto import tariffs from current levels - 27.5% for imports into the U.S., and 10% for imports into the EU. ($1 = 0.8536 euros) Before you buy stock in MBGn, consider this: ProPicks AI are 6 easy-to-follow model portfolios created by Investing.com for building wealth by identifying winning stocks and letting them run. Over 150,000 paying members trust ProPicks to find new stocks to buy – driven by AI. The ProPicks AI algorithm has just identified the best stocks for investors to buy now. The stocks that made the cut could produce enormous returns in the coming years. Is MBGn one of them?

8 months ago

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8 months ago

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The EU is enhancing health crisis preparedness with its new Medical Countermeasures Strategy, focusing on equitable medical tool distribution. Despite plans to address health threats, challenges in stockpiling and information sharing persist. #HealthPreparedness #MedicalCountermeasures #EUStrategy

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Risk of escalating EU-U.S. trade tensions remains with deadline ahead - Barclays Investing.com - Although the outcome of ongoing trade negotiations between the U.S. and European Union remains unclear, there are risks of an escalation in tensions, according to analysts at Barclays. European trade officials met with their Trump administration counterparts in Washington this week, as a pause to sweeping "reciprocal" U.S. tariffs is due to expire on Wednesday. But a trade agreement has yet to be reached, with the EU pushing for a deal "in principle" that would include immediate tariff relief for key sectors. Media reports have suggested that a pact could see the European Commission -- the chief trade negotiator for the EU -- accept a baseline 10% U.S. tariff in exchange for reduced duties on those industries. Yet some in Brussels are calling on the EU to take a stronger stance and insist on a reduction to the 10% levy rate. "What is clear is that European countries remain divided in their approach, including on potential retaliation, with Germany and Italy being keen to swiftly finalise a deal with the U.S. administration, whereas France has adopted a more assertive stance," the Barclays analysts led by Silvia Ardagna wrote in a note to clients. They noted that their "base case" is that the talks will result in an average tariff rate on EU goods exports to the U.S. of around 15%, with the status quo being extended beyond the upcoming July 9 deadline to allow for further discussions. U.S. duties on pharmaceutical and semiconductor companies will rise to 25% as well, they predicted. "An upside risk is that the effective tariff rate ends up lower than we have assumed -- possibly due to quotas or lower sector-specific tariffs, even if some sectors such as pharma currently face no tariffs," the analysts said. "The downside risk is that talks fail and the U.S. imposes reciprocal tariffs above 10%, at least temporarily."

8 months ago

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haca.studio | Strategic Event Agency

8 months ago

The European Commission has introduced its inaugural Quantum strategy to boost the EU's leadership in quantum technologies by 2026, emphasizing investment, innovation, and collaboration amidst competition from the US and China.

#QuantumTechnology #EUStrategy #Innovation

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@hacastudio.bsky.social

8 months ago

Best practices for showcasing new initiatives in a EU policy launch event - haca.studio Event Agency How to design EU policy launch events that go beyond ceremony—strategic, engaging, and built to amplify your message.

Launching a new EU initiative? 🇪🇺

Some tips: political moments work best in person, and who you feature shapes the story.

For more useful advice, read the full blog post on designing launch events that land.

#hacastudio #EUStrategy
www.haca.studio/journal/best...

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Andreea Mosila

@andalitza.bsky.social

9 months ago

The new Black Sea strategy, implemented by ec.europa.eu, could reshape European security, and Romania is at its center. As a Fulbright researcher in the Danube Delta, I break down what is at stake.

andreeamosila.com/the-black-se...

#BlackSea #Romania #EUstrategy #Fulbright #GlobalSecurity

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9 months ago

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The European Commission selected 13 projects to secure critical raw materials outside the EU, focusing on reducing dependence on China and the US. The goal is 60 projects by 2030 to enhance industrial competitiveness and create jobs.

#CriticalRawMaterials #EUStrategy #ResourceDiversity

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Jefferies flags key bullish and bearish themes in EU strategy Investing.com -- Brokerage firm Jefferies recently met with seven European Commission policymakers in Brussels to discuss the bloc’s efforts to improve corporate competitiveness, simplify regulation, and address energy and industrial policy challenges. Following the two-day trip, the team said it is “tentatively more bullish on the prospects for European markets, excluding those related to the energy transition.” One of the key positives was the EU’s push to streamline regulation through its Omnibus Simplification Package. These monthly legislative bundles are designed to ease administrative burdens across sectors. The first focused on sustainable finance, and additional packages targeting defence, energy, chemicals and autos are expected by year-end. Jefferies said it was “encouraged that these efforts will reduce red tape for European corporates.” The Commission’s renewed focus on strengthening the Single Market was another highlight. Policymakers are targeting internal barriers equivalent to a 45% tariff on manufacturing and 110% on services, according to IMF estimates. “The EU plans to remove such barriers to build a more robust and effective bloc,” Jefferies strategists led by Luke Sussams noted. Proposed measures include a digital product passport to unify labelling rules and frameworks for cross-border recognition of qualifications. The strategists said this strategy “seeks to knock down barriers and also put the EU in a better position to protect itself against US trade tariffs.” On funding, Jefferies flagged three new tools being considered to raise revenues: a €2 flat fee on small international parcels, a €7 tourist entry fee for non-EU visitors, and an EU-wide digital services tax on advertising revenue. While the specific allocation of these revenues is still unclear, the broker sees potential to support broader investment needs. On the other hand, Jefferies remains bearish on the Clean Industrial Deal, the EU’s flagship industrial decarbonization plan, describing it as “unfunded.” The initiative is estimated to require €400 billion over 10 years, but only €100 billion has been earmarked through EU-level mechanisms. The remaining €300 billion is expected to come from the private sector. “However, there are signs that the companies at the heart of the EU’s industrial complex are withdrawing funding from decarbonization activities, rather than expanding them. As such, we remain unconvinced the funding gap will be filled,” the strategists added. Jefferies also expressed skepticism about the Affordable Energy Action Plan, warning that energy prices remain 3-4 times higher than in the U.S. and that proposed measures “are not entirely realistic.” Although the Commission aims to lower electricity taxes and expand renewables, Jefferies noted that natural gas is likely to remain the marginal power price setter in the near term.

9 months ago

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9 months ago

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The European Commission greenlighted Poland's reallocation of €6 billion from COVID recovery funds to defense, marking a strategic shift in Europe amidst threats from Russia and setting a precedent for using recovery funds for security.

#Poland #DefenseFunding #EUStrategy

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9 months ago

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The European Commission will launch a quantum technologies strategy by June to boost adoption in medicine and finance, strengthen EU sovereignty, enhance research scalability, and develop quantum computing infrastructure.

#QuantumTechnology #EUStrategy #Innovation

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European stocks tumble, bonds rally after Trump recommends 50% tariff on EU - Reuters European stocks tumble, bonds rally after Trump recommends 50% tariff on EU Reuters

9 months ago

Click Subscribe #Stocks #Investing #Finance #Tariffs #EUStrategy

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