Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Ontario to Lift Fire Restrictions and Travel Bans Starting Thursday Morning

    August 21, 2026

    On Thursday, Experts Warn of Rising Risks for Youth Vaping and Respiratory Health Concerns

    August 21, 2026

    As of April 2024, Keystone XL Revival Tied to U.S.-Canada Trade Discussions Amid Tariff Delays by Trump

    August 21, 2026
    Calgary JournalCalgary Journal
    • Automotive

      Canada EV sales rebound while Saskatchewan lags

      June 22, 2026

      Nissan develops new self-driving system for urban streets

      September 22, 2025

      Dashboard display fault prompts Toyota recall of 70K vehicles in Canada

      September 20, 2025

      Canada pushes EV rollout with new charging stations

      August 29, 2025

      Tesla sales fall 40 percent in Europe while BYD triples registrations

      August 28, 2025
    • Business

      As of Thursday, the dollar hovers near a three-month trough amid declining Treasury yields

      August 20, 2026

      Canadian economy grew 0.3% in May beating flash

      August 1, 2026

      Nova Scotia backs beef processing facility in Cape Breton

      June 29, 2026

      Canadian dollar nears 70 US cents after steep selloff

      June 20, 2026

      Canada sets 10% canned vegetable import tariff

      June 20, 2026
    • Entertainment

      Critics say Ben Affleck understates AI use in film and TV

      January 27, 2026

      Apple Arcade adds Jeopardy and NFL games in September update

      August 19, 2025

      Disney’s Fantastic Four beats Superman in box office debut

      July 27, 2025

      Disney and Marvel’s R-rated film hits billion-dollar milestone

      August 17, 2024

      Web3 leader Immutable rolls out $50M gaming rewards initiative

      April 27, 2024
    • Health

      On Thursday, Experts Warn of Rising Risks for Youth Vaping and Respiratory Health Concerns

      August 21, 2026

      World Cup host nations align Ebola border measures

      May 30, 2026

      Canada set for generic weight-loss drug arrivals this summer

      March 31, 2026

      Study explains exceptional memory in some people over 80

      January 15, 2026

      Stanford researchers restore cartilage in aging joint models

      January 12, 2026
    • Lifestyle

      JP Morgan funds Fresha with $31 million for AI and robotics growth

      August 23, 2024

      Adidas, Highsnobiety debut limited-edition sneakers

      January 6, 2024

      Unraveling Starbucks’ phenomenon as a worldwide coffee powerhouse

      September 1, 2023

      How Nike’s Kobe 8 Protro Halo Marks an Emotional Milestone

      August 29, 2023

      From labels to legacy – understanding fashion’s hierarchy

      August 21, 2023
    • Luxury

      Price hikes and lack of innovation erode luxury market confidence

      November 18, 2024

      Uncover the allure of Rolex Deepsea – luxury awaits.

      April 10, 2024

      Beyond timekeeping to the prestige of the Rolex Day-Date

      March 2, 2024

      Rare uncut emerald dazzles at Sharjah show

      February 1, 2024

      Porsche and Frauscher launch the electric 850 Fantom Air

      October 17, 2023
    • News

      As of April 2024, Keystone XL Revival Tied to U.S.-Canada Trade Discussions Amid Tariff Delays by Trump

      August 21, 2026

      Today’s Highway 401 Closure Triggered by Dump Truck Rollover Incident

      August 20, 2026

      British Columbia wildfire evacuations exceed 20,000

      August 10, 2026

      Australia passes National Disability Insurance Scheme amendments

      August 1, 2026

      Ontario wildfire surge prompts evacuations and road closures

      July 16, 2026
    • Sports

      Canada move on after 1-0 World Cup win over South Africa

      June 29, 2026

      Portugal held by DR Congo in 1-1 World Cup opener

      June 18, 2026

      Argentina beat Algeria as Messi equals World Cup goal record

      June 17, 2026

      Mbappe double lifts France past Senegal at World Cup

      June 17, 2026

      Germany beats Curaçao 7-1 to open World Cup 2026

      June 16, 2026
    • Technology

      We’re subsidizing a technology that will replace millions Andrew Yang warns

      August 21, 2026

      Canada to spend C$900 million on drones and quantum defence

      March 10, 2026

      Google expands Gemini AI in Chrome with task automation features

      January 31, 2026

      Memory driven robots created in Korea to enhance productivity

      October 2, 2025

      Apple iPhone 17 Pro ships with iOS 26 and AI translation

      September 9, 2025
    • Travel

      Ontario to Lift Fire Restrictions and Travel Bans Starting Thursday Morning

      August 21, 2026

      Canada cross border trips to U.S. fell sharply in late 2025

      January 28, 2026

      US immigration screening review suspends Pakistan exempts India

      January 15, 2026

      Canada reassures American tourists while U.S. regions scale back Canada marketing

      January 14, 2026

      Banff upgrades transit to address tourist congestion

      October 14, 2025
    Calgary JournalCalgary Journal
    Home » Transatlantic jobs and innovation at risk due to US tariffs
    Business

    Transatlantic jobs and innovation at risk due to US tariffs

    April 3, 2025
    Facebook WhatsApp Twitter Pinterest LinkedIn Telegram Tumblr Email Reddit VKontakte

    The United States’ decision to impose an additional 20 percent tariff on products imported from the European Union (EU) has drawn strong criticism from BusinessEurope, the continent’s largest business organization. Speaking from Brussels on April 3, 2025, BusinessEurope Director-General Markus J. Beyrer warned that the unilateral move threatens to undermine the transatlantic economy, which he described as the most important economic partnership globally.

    Transatlantic jobs and innovation at risk due to US tariffs

    Beyrer stated that the new tariffs, described by the US as “reciprocal,” would harm both businesses and consumers across the Atlantic. He emphasized that increased trade barriers would raise costs, disrupt supply chains, and weaken a long-standing relationship responsible for millions of jobs and significant innovation on both sides. The decision is part of a broader strategy by the United States to impose trade measures aimed at addressing imbalances with key trading partners.

    He further cautioned that such measures risk provoking retaliatory actions from the European Union, potentially triggering a trade dispute that would worsen the global economic outlook. According to Beyrer, this approach does not provide tangible benefits and instead reduces predictability and trust in the international trading system. He described the development as a setback for global economic cooperation, especially at a time when supply chains remain vulnerable and economic recovery is uneven.

    BusinessEurope urges balanced response to trade disruption

    Beyrer urged the EU to respond in a united and strategic manner. He advised that any countermeasures taken by the bloc should be legally sound, proportionate, and designed to avoid unintended consequences for European businesses. Maintaining a rules-based approach to trade, he said, is essential to preserving credibility and ensuring long-term economic stability within the EU. The BusinessEurope chief emphasized the need for the European Union to advance a more diversified trade and investment strategy.

    He highlighted the urgency of ratifying pending trade agreements with Mercosur and Mexico as critical steps in reducing overreliance on traditional markets. By broadening its network of economic partnerships, Beyrer argued, the EU can increase resilience and strengthen its position in global trade negotiations. In his remarks, Beyrer also addressed the broader geopolitical context. He pointed out that the international environment has become more unpredictable, requiring the EU to enhance its competitiveness and reduce vulnerability to external pressures, including economic coercion.

    He called for a coordinated effort among EU institutions and member states to protect the bloc’s strategic interests through stronger economic foundations. The US tariff announcement marks a significant shift in transatlantic trade relations and has prompted calls for diplomatic engagement to avoid further escalation. BusinessEurope continues to advocate for a negotiated solution that prioritizes economic cooperation and long-term partnership between the European Union and the United States. – By MENA Newswire News Desk.

    Related Posts

    As of Thursday, the dollar hovers near a three-month trough amid declining Treasury yields

    August 20, 2026

    British Columbia wildfire evacuations exceed 20,000

    August 10, 2026

    Australia passes National Disability Insurance Scheme amendments

    August 1, 2026

    Canadian economy grew 0.3% in May beating flash

    August 1, 2026

    Ontario wildfire surge prompts evacuations and road closures

    July 16, 2026

    Nova Scotia backs beef processing facility in Cape Breton

    June 29, 2026
    Latest News

    Ontario to Lift Fire Restrictions and Travel Bans Starting Thursday Morning

    August 21, 2026

    On Thursday, Experts Warn of Rising Risks for Youth Vaping and Respiratory Health Concerns

    August 21, 2026

    As of April 2024, Keystone XL Revival Tied to U.S.-Canada Trade Discussions Amid Tariff Delays by Trump

    August 21, 2026

    We’re subsidizing a technology that will replace millions Andrew Yang warns

    August 21, 2026

    Today’s Highway 401 Closure Triggered by Dump Truck Rollover Incident

    August 20, 2026

    As of Thursday, the dollar hovers near a three-month trough amid declining Treasury yields

    August 20, 2026

    British Columbia wildfire evacuations exceed 20,000

    August 10, 2026

    Australia passes National Disability Insurance Scheme amendments

    August 1, 2026
    © 2026 Calgary Journal | All Rights Reserved
    • Home
    • Contact Us
    • Disclaimer

    Type above and press Enter to search. Press Esc to cancel.