Raise your voice in Europe for exporting to the United States of America!
ExportUSA supports the creation of a new political dialogue between the EU and the US to foster European Trade with the United States of America. This activity will be created through the establishment of an international network in Brussels, consisting of Researchers, Logistics Experts, Lawyers, Brokers, Port Authorities, Associations of the Chambers of Commerce, Regional Authorities, Member States and many other experts on EU and US Affairs.
We specialize in the following areas:
Tax and Legal
FDA & Logistics
Our friends at Tempus FX are forecasting that the Dollar Index may go on a bumpy ride for the next few weeks. Recent escalations of US-China tensions are putting pressure on the forex market, as investors seek a safe haven amidst all the turmoil. Many countries are being forced to take a defensive position against the Dollar.
President Trump has declared a national emergency in the first step towards making it more difficult for US firms to do business with Chinese telecom giant Huawei. Trump hopes to prevent US companies from selling or transferring technology to Huawei without a license issued by the Bureau of Industry and Security (BIS). Some say Trump’s escalation of trade tensions with China is a savvy political move, designed to deflect attention away from the real threat to American jobs: Automation.
The International Energy Agency (IEA) sees global supply growth continuing, with more US exports to global markets strengthening oil security around the world. Buyers have a wider choice of suppliers, which gives them more operational and trading flexibility, reducing their reliance on traditional long-term supply contracts. Also this week, U.S Secretary of Energy signed two authorizations with Sempra and Tellurian to provide LNG to the EU, a cleaner option than coal.
The EU is seeking to ease transatlantic trade tensions by doubling imports of LNG from the US. This move will reduce its reliance on Russia, while placating President Trump. Not everyone sees this as a win-win; Two hundred separate organizations on both sides of the pond are warning of the dire climate consequences of importing fracked hydrocarbons to create plastic. Meanwhile, the 1st EU-US Energy Council B2B energy forum gets under way.
Most prognosticators don’t see a genuine US-EU trade war breaking out any time soon. Yes, there’s been a lot of rhetoric and hype in the news lately, but ultimately both sides have reasons to stay at the table and play nice. A solidified trans-Atlantic alliance is in everyone’s best interest, and everyone deserves a piece of the pie.
The EU voted to open talks with US representatives on Monday, but both sides are entrenched in their “Take it or leave it” positions. For the US, AG needs to be on the table, but European farmers are afraid of GMOs and chlorine-washed chicken. France will not parlay until the US changes its position on climate change. So that leaves plenty of time to lob tariff threats back and forth. In other words, business-as-usual.
Brexit has now been delayed until Halloween, and pundits see this latest dodge as signaling the end of Teresa May’s leadership. President Trump marked the occasion by calling the EU a “brutal trading partner” on Twitter, vowing that things will change soon. The U.S. trade representative’s office issued a list of EU products to tax as a retaliation for European subsidies to Airbus.
Global markets are rallying to a six month high this week on optimism regarding US - China trade talks. With all the divergent discourse on global trade, it’s interesting to consider the following articles, which paint a complicated picture. The first addresses Ford’s hedge against a hard Brexit, the second points out how EU member countries don’t always see eye-to-eye, and the third argues that many concerns about free trade are actually unfounded.
The initial deadline of March 29th for a Brexit resolution has passed, and the UK Parliament just rejected Theresa May’s latest withdrawal agreement. The next deadline is April 12th, but analysts are not optimistic that a deal will be reached by then. Meanwhile, US Treasury Secretary Steven Mnuchin calls recent Beijing trade talks “constructive”.
On March 6th, 2019, Lucio Miranda (on right) addressed the EU Parliament at a conference on opportunities for EU- based companies in the US. Recent success stories include Hubner, a German company with a new facility in Tennessee, and Almac, an Irish Pharmaceutical Development company with a big footprint in North Carolina.