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Enforcement of the Digital Markets Act is under way. The European Commission has launched formal proceedings against three major providers of core platform services. The Commission's preliminary findings suggest breaches of EU rules. To date, two of these preliminary findings have been confirmed, resulting in non-compliance decisions and fines for the companies in April 2025.

The Trade and Cooperation Agreement (TCA) between the European Union (EU) and the United Kingdom (UK), which entered into force in May 2021, governs the EU's relationship with the UK, following its withdrawal from the EU. In addition to the European Commission evaluating the implementation of the TCA on an annual basis, Article 776 of the TCA provides for a joint review of the deal's implementation five years after its entry into force, in 2026. On 20 November 2024, the European Parliament's Conference ...

This paper outlines the European Union’s institutional framework for defining and executing an active euro exchange rate policy, against the backdrop of a potential policy shift by the United States. It outlines the emerging US debate on linking exchange rate policy with trade and security objectives and provides a background on past currency interventions by US and other central banks such as the Plaza Accord. The final part opens a discussion over the functioning and limits of the EU’s legal framework ...

When Donald Trump was elected President of the United States (US) for the second time in 2024, the world knew that tariffs would again be the US trade policy instrument of choice. Two months into his second term, the President announced universal tariffs on aluminium and steel; a month later, on cars and car parts; and on 2 April 2025, reciprocal tariffs ranging from 11 % to 50 % on imports from countries running a trade in goods deficit with the US, and universal tariffs of 10 % on imports from ...

This infographic provides insight into the economic performance of Canada and Mexico compared with the European Union (EU) and examines the trade dynamics between them. For 2024, the growth rate for Canada is expected to be at 1.3%, whereas Mexico is at 1.5%. The trend in inflation rates is continuing to decline, with estimates of 4.7% for Mexico and 2.6% for Canada. Overall trade relations between the EU, Canada, and Mexico have shown positive growth over the last two decades. Since 2020, both Canada ...

Following the United Kingdom's referendum on its European Union membership, in June 2016, and the UK's decision to leave the EU, a Trade and Cooperation Agreement (TCA) was signed between the EU and the UK, in 2020. The TCA, in force since 2021, provides the framework for relations between the EU and the UK. In 2025, the European Parliament will adopt – as it did in 2023 – a report on the implementation of the TCA, this time covering the period between January and December 2024. The report will follow ...

The six countries that make up the region known as the Western Balkans differ in terms of size, population, economy, energy mix and energy import dependency. At the same time, they share common elements because of their geographical proximity, and – in some cases – common policies adopted in the past. An example is their ageing infrastructure dating back to the 1970s, which was damaged during the conflicts in former Yugoslavia. Another common element (except for Albania) is their reliance on solid ...

Ukraine is the second largest country on the European continent after Russia. Its oil, coal and gas reserves, as well as its geostrategic position, ensured its important role in energy trade, both during the Soviet Union and after its collapse. However, Russia's initial invasion of Ukraine (since 2014), followed by a full-scale war of aggression against the country, have had severe human and economic impacts. In the energy area, for example, Russia's strategy has been to weaponise (e.g. the occupation ...

The energy system is a cornerstone of the United States (US) economy and competitiveness. The country's energy mix in 2022 was well-diversified, consisting of two thirds natural gas and oil, with the rest almost equal proportions of coal, nuclear and renewables. By using its vast reserves in fossil fuels and applying new extraction technologies, the US has managed to increase its fossil fuel production significantly over the past 10 years and, since 2019, it has become a net energy exporter for the ...

In 1947, drawing on the lessons learnt from the global economic damage caused by trade protectionism and tariff wars prior to World War II, 23 countries, including the United States, initiated the General Agreement on Tariffs and Trade (GATT) as a platform for multilateral negotiations aimed at liberalising and boosting global trade. To this end, GATT members - and since 1995 the members of the then newly created World Trade Organization (WTO) - gradually reduced their import tariffs and tariff quotas ...