Trade Policy Shock: New reporting says the US, EU and China are tightening trade with reciprocal tariffs, with the US average tariff rate hitting 11.8% in early April 2026 and a new tiered metals tariff that can reach 50% on high-metal-content imports—raising pressure on European industry supply chains. Border Tech for Liechtenstein: Europe’s Entry/Exit System (EES) is fully live across all 29 Schengen countries, including Liechtenstein, with 45M+ crossings processed, about 24,000 refusals, and 600+ security risks flagged; ETIAS is still expected in late 2026. Green Hydrogen Funding: The European Commission cleared €1.3bn of German state support for renewable hydrogen projects via the EU Hydrogen Bank “auction as a service,” targeting up to 1,000 MW electrolyzer capacity and 10M tonnes of renewable hydrogen. EV Charging Deal: Volvo says its drivers will access Tesla Superchargers across 29 European countries via the Volvo app from Q4 2026, including Liechtenstein. Digital Assets & Commodities: A Liechtenstein-linked tokenization push highlights commodity-backed tokens stored in Liechtenstein and Switzerland, aiming to modernize critical-minerals investment access. Health Label Update: AbbVie’s VENCLYXTO expanded EU label for first-line CLL combinations now also covers Iceland, Norway and Liechtenstein. Energy/Climate Cooperation: Poland’s €160m green transition programme is funded through Norwegian and EEA grants with a partnership that includes Liechtenstein and Norway.