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European competition plan overlooks textiles

The European Commission unveiled the Industrial Accelerator Act (IAA) on Wednesday, March 4, 2026. In the presence of leaders from the Committee of the Regions (CoR), executive vice president Stéphane Séjourné presented an initiative designed to fundamentally strengthen the EU's competitive position against major powers such as China. Strategic...

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Business

Trump's tariff defeat, new tariffs: EU assesses consequences

Following the US Supreme Court's decision against president Donald Trump's tariff policy, the EU and other countries are attempting to assess the precise consequences for the global economy. A special session of the legal service and the negotiating team, which was responsible for a customs agreement between the US and the EU, is scheduled for...

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