b'22American Journal ofTransportation ajot.comUS-EU trade deal remainsEUROPEAN TRADE 2025work in progressThe question at the heart of the EU-US deal is will it hold. By Stuart Todd, AJOTThemassivetradedeala bad and less bad one. We between the U.S. and the EUcertainlybelievethisisless vaunted by President Trump asbad,addingthattheBrus-he shook on it with Europeansels approach had been one CommissionPresidentUrsulaof strategic realism.von der Leyen at his ScottishThey will take some com-golf resort at the end of July isfortfromtheratherupbeat not,contrarytoappearances,view economic analysts have anything like done and dustedexpressed about the deal.but remains very much a workGoldmanSachsbelieves in progress. itisthebestavailablefor TheheadlinefigurethatEurope.AsforDeutsche focusedattentionwasaBank, it noted that the worst tariffat15%,applicabletooutcomes have been avoided.roughly70%ofthegoodsAnother analyst argued imported into the States fromthat a 15% US import tariff the27-nationblochalfkeepstheEUrelatively the threatened rate of duty,(PROGRESScontinued on ostensibly from 7 August. page 24) The MSC Ronit R, which departed the French port of Le Havre arrives at the Port Newark Container Terminal in NJ.Thusthedealwas hailed as good news for EU exporters or at least less badREGISTER NOWOct. 29-31, 2025Newport, RIthan had been feared. How-ever,itslackofsubstanceCONECTS 29 THANNUALmeans that a good number of shippers from a diverse rangeNORTHEAST TRADE ofsectorsarestillnotyet sure whats in store for them while their logistics partners& TRANSPORTATIONhavelittleideaatthisstage as to the impact of US import tariffsonEuropeantrans- CONFERENCEAtlantic freight flows and the extent to which their services will be required.u nstablei nteriMa CCord Afewweeksonsince its announcement, there con-tinuestobedeepdiscontent politically towards the dealwww.conect.orgfrom EU member state heavy-weights, such as France, who said it amounted to submis-sion and also Germany, whoNavigating the Challengesdenounceditasweak.A formerEuropeancommis- & Opportunities for Tradesioner said the EU had effec-tivelycondonedTrumpsThis years expanded Trade & Transportation Conference brings bullying tactics. together global leaders, hands-on workshops, and unmatched Thereisalsosentiment that the EU could and shouldnetworking opportunities. Colleen Clarke, Peter Friedmann,have called Trumps bluff. ButSVP,Surety & TradeFBB Federal Relations; Conference Highlights Include:Relations CONECT Counselas French president Emman- Roanoke InsuranceuelMacroncommentedtheUsing Technology to Push Your Business ForwardGroup IncEU isnt feared enough. U.S. Trade with Canada and Mexico According to one former EU official, the deal announcedChallenges and Opportunities in Global Transportation: Is the NewinScotlandisinrealityNormal Mediocrity?anunstableinterimaccord. Kenneth Sine, Head of Global Procurement, Wayfair, LLC Nothingisyetinkedor Brandon Fried, Executive Director, Air Forwarders Associationsigned,adding:Washing- ton and Brussels are alreadyTrade Day Roundtables with CBP and Partner Government Agencieslocking horns on its interpre- Peter Levesque,Takashi Masuda,Workshops in the fields of Customs Compliance, Transportation, andALI Leadership Fellow,President tation and negotiations on theExport Sanctions and Controls. Harvard UniversityOcean Network Express finer (and broader) points areSenior Advisor, (ONE)BCO Focus Panel with Peter Tirschwell McKinsey & Coongoing.Off the Record with Peter Friedmanns trategiCr ealisM U.S. Customs and Border Protection KeynoteDespitethevolleyof fiercecriticism,VonderPLUS: Networking receptions and Harvest Dinner at a local vineyardLeyensteamofnegotia-torsassertthatanessential objectivehasbeenattained: offsettingafull-blowntariffREGISTER NOW AT Alan Murphy, Peter Tirschwell,war.AsoneCommission CEO & FounderVice PresidentofficialquotedinamediaCONECT.ORG!CCS/CES/MCS/MESSea-Intelligencefor Maritime & Trade report,noted:Itwasneverpoints available. S&P Global Market going to be between a goodIntelligenceand a great deal, but between 2025T&T_072725v5.indd 1 8/15/25 9:38AM'