FEPS Newsletter 28 April 2025 – 🇪🇺🇺🇸 Trade, US-EU relations & EU budget

A new vision for the global economy – If you have problems displaying this email, […]

28/04/2025
A new vision for the global economy –

If you have problems displaying this email, follow this link

The Trump disruption puts the EU and the whole world at a crossroads. The choice for progressives, however, is not between playing along with him or returning to the status quo. The task is to offer and promote a new vision for the global economy, one that ensures prosperity for all people and countries. This message was the main thread line of our events in the last couple of weeks, both in the EU and across the Atlantic.

 

On the EU front, FEPS is contributing to the ongoing EU budget discussions with proposals on how to make the budget serve the purpose of the just transition and social justice.

 

In this newsletter, we also feature our recent publications on the progressive trade agenda, competitiveness and countering profit-price inflation.   

Economy
Trade, trust and transition

EXPERT MEETING – 23-24 APRIL – WASHINGTON DC, USA

Trade, trust and transition

Progressive Economics Network (PEN) 2025

By FEPS, FES, Das Progressive Zentrum and CAP

 

The Progressive Economics Network (PEN) convened in Washington, D.C., for a meeting on “Trade, trust and transition –Shaping the next transatlantic chapter.” 

 

Held on the fringes of the 2025 World Bank Group/International Monetary Fund Spring Meetings, the discussions focused on:

  • The emerging trade regime: Aligning on shared objectives
  • Guns or butter? Balancing priorities in the transatlantic relationship
  • The geoeconomics of sustainability: Forming strategic partnerships

ESSAY SERIES

Trade, trust, and transition

Shaping the next transatlantic chapter

By Jason Crow, Ann Linde, Dan Restrepo, Hedwig Giusto, Elizabeth Baltzan, Tomáš Petříček  and many more – In collaboration with CAP

 

The longstanding EU-US partnership is stronger than one administration. Bringing together 10 leading voices from across the US and Europe, this collection of articles covers five of the most pressing issues shaping the future of the transatlantic alliance:

Trade, trust, and transition
  • Security and Peace
  • Migration and Inclusion
  • Trade and Industry
  • Climate and Energy
  • Digital and Data governance
 

This essay series was presented during the PEN Conference in Washington DC.

Tariffs, counter-tariffs and a pause on tariffs

Photo credits: Shutterstock / MikeDotta

PROGRESSIVE POST

Tariffs, counter-tariffs and a pause on tariffs 

 

For this dossier, the Progressive Post gathered outlooks on the future of international trade, and the opportunities that might be there for the EU to seize:

FEPS PRIMER SERIES

Making trade work for prosperity, people and planet

By Arancha González Laya and Yanis Bourgeois

 

This book offers a comprehensive perspective on the importance of open trade and economic integration. It explores the trajectory of trade, the necessary regulatory mechanisms, and the imperative of making trade a beneficial force for all rather than just a select few. The primer underscores the importance of ensuring trade works to advance prosperity, enhance the people’s well-being, and safeguard the sustainability of our planet.

Making trade work for prosperity, people and planet
Day of Progressive Economic Policy 2025

9 APRIL – BERLIN, GERMANY

Day of Progressive Economic Policy 2025

By Friedrich-Ebert-Stiftung (FES) in collaboration with FEPS, DGB, IMK and Fiscal Future

 

This year’s conference brought together top-level progressive policymakers and thinkers to discuss policy ideas and priorities for the EU and Germany. 

 

It focused on investments and reforms needed for European competitiveness, social justice, and wealth taxation.

FEPS President Maria João Rodrigues spoke at an opening panel alongside Enrico Letta, President of the Jacques Delors Institute and former Italian Prime Minister, and Yasmin Fahimi, Chairwomen of the German Trade Union Confederation (DGB). Rodrigues also gave the concluding speech, highlighting the major global shifts and calling for serious European action in the digital sphere.

POLICY STUDY

The profit-price spiral in food and energy

Analysis and toolbox to fight inflation

By Thomas Rabensteiner, Ines Heck, Benjamin Tippet and Anna Kolesnichenko – With TASC, Fondazione Pietro Nenni and PEGFA

 

The recent inflation episode in 2021-23 has exposed European economies’ vulnerability to supply-side shocks and the inadequacy of existing monetary tools to deal with them. Companies used their monopoly power, amplified due to bottlenecks and supply disruptions, to reap abnormally high profits, thus exacerbating the initial inflationary effects of the shocks.

The profit-price spiral in food and energy

The EU needs to create a proper inflation governance framework that would involve not just the ECB’s monetary policy, but a complex of measures on inflation preparedness, prevention, reduction and mitigation.

 

This policy study was launched during the Progressive Economic Policy 2025 conference.

Roadmap to the next MFF

STAKEHOLDER MEETING – 11 APRIL – FEPS HQ

Roadmap to the next MFF

Supporting Just Transition and cohesion

By FEPS, FES, Solidar and CEE Bankwatch Network

 

This year’s meeting provided an opportunity to discuss the implications of current EU policy development for just transition and cohesion in the next Multiannual financial framework (MFF) and EU funding mechanisms.

 

The annual Territorial Just Transition Stakeholder meeting brings together a diverse range of actors involved in just transition to share knowledge, generate ideas, network and develop recommendations on how to promote territorial just transition pathways.

FEPS TALKS PODCAST

Improving working conditions: the new frontiers

With Michelle O’Sullivan and László Andor

 

🎧  Spotify | Apple Podcast | Website | Youtube

Listen to the podcast

Michelle O’Sullivan, Associate Professor at the University of Limerick, offers an assessment of recent developments in working conditions and industrial relations, including the successful crisis response to the Covid-19 pandemic, the reforms put forward on labour conditions in the UK and the four-day work week. 

Listen to the podcast

FEPS TALKS PODCAST

Competitiveness and industrial policy beyond buzzwords

With Lukas Bertram and David Rinaldi

 

🎧  Spotify | Apple Podcast | Website | Youtube

After the launch of the Competitiveness Compass, how can Europe achieve a unified industrial strategy that balances competitiveness with social and regional cohesion?

 

Listen to Lukas Bertram, economist at the Zoé Institute, in conversation with FEPS Director of Studies and Policy David Rinaldi, as they explore Europe’s competitiveness agenda and the path to an economy fit for the future.

Progressive Post

MAGAZINE

The new issue of The Progressive Post is out!

The EU in uncharted waters

 

This issue’s highlights include discussing European defence strategies, assessing how the US president’s recent announcements will impact international trade and exploring the risks and opportunities that algorithms pose for workers. 📰 Get the magazine.

The new issue of The Progressive Post is out!
Multilateralism between shock and rebirth

PROGRESSIVE PAGE

Multilateralism between shock and rebirth

By Maria João Rodrigues, FEPS President

 

Europe has a choice between accepting pressure to align with the Trump administration, remaining in the inertia of the previous multilateral system, or becoming an active player in reforming global multilateralism. Read more.

Photo credits: Shutterstock.com/Mike Gorsky

Was this email forwarded to you?

Copyright © 2025 FEPS Europe, All rights reserved.

You are receiving this email because you participated in one of FEPS’ events and/or have registered for FEPS’ newsletter.

If you wish not to receive FEPS’ communications anymore, please click here: unsubscribe now

 

Foundation for European Progressive Studies
Avenue des Arts, 46 – 1000 Bruxelles

+32 223 46 900 – info@feps-europe.eu

Find all related Progressive Post
Progressive Post
05/03/2026

Poverty is not a fatality

In 2024, more than 93 million Europeans, representing 21 per cent of the EU-population have […]
05/03/2026

Poverty is the result of political choices

On 12 February, the European Parliament voted on the report of the parliament’s committee on […]
Find all related Magazine
Magazine
  • cover book

    # Issue 29 Progressive Post

# Issue 29

From the war in Ukraine to the devastation of Gaza since 2023, the words ‘war’ […]
  • cover book

    # Issue 28 Progressive Post

# Issue 28

European Social Democracy at historical crossroads
  • cover book

    #Issue 27 Progressive Post

#Issue 27

The EU in uncharted waters
Find all related publications
Publications
03/03/2026

Digital sovereignty and a new multilateralism for the AI era

Artificial intelligence (AI) is transforming not only economies but the very nature of global power, […]
03/03/2026

Progressive pathways for a resilient (re)construction of Ukraine: Towards a new social contract

This policy study places labour at the centre of reconstruction planning for Ukraine as the […]
03/03/2026

European sovereignty and the social dimension

Reasserting Europe’s social-democratic model in turbulent times
29/01/2026

Progressive Yearbook 2026

In an eerie manner, 2025 resembled the ‘time of monsters’, which, according to the great […]
Find all related news
News
05/03/2026

FFPPVC commentary on the new EU Gender Equality Strategy 2026-2030

Commentary by the Feminist Foreign Policy Progressive Voices Collective (FFPPVC)
03/03/2026

Wag the dog?

FEPS commentary on the US-Israel attack on Iran
03/03/2026

Closing ceremony of the Progressive Ukraine programme

The graduation ceremony completed the programme which was part of the Open Progressive University (OPU).
29/01/2026

Maria João Rodrigues departs from FEPS Presidency, transitions to Nicolas Schmit

After completing eight years in the role, Maria Joâo Rodrigues has departed the role of […]
Find all related in the media
In the media

Africa and Europe Must Rethink Clean Energy Partnership After COP30 Setback

by News Ghana 27/02/2026
Read this article from News Ghana on the highlights of FEPS' event "Governing the global just transition", where diverse stakeholders discussed the EU's role in supporting a just transition from fossil fuels to clean energy in Africa

EUfória podcast Andor Lászlóval: Mire képes az EU saját erejéből és mennyire van kiszolgáltatva a világnak?

by EUrologus 26/02/2026
Listen to the EUfória podcast with László Andor, Secretary General of FEPS, on what the EU can achieve on its own, how to tackle its competitiveness challenge and how the Hungarian government’s stance shapes the EU’s image.

Can the EU ever become a superpower?

by Euronews 20/02/2026
In this episode of the podcast Brussels, My Love, FEPS President Nicolas Schmit discusses the informal meeting of the Antwerp European Industrial Summit and the Munich Security Council.

España los forma, Europa los contrata: así es el mapa de la nueva fuga de cerebros

by El Confidencial 10/02/2026
Spain trains them, Europe hires them: the map of the new brain drain: László Andor, FEPS Secretary-General, discusses the 'brain drain' as a result of the EU’s single market and highlights the need for a fairer mobility and retention strategy across the EU.