Reciprocal US tariffs undermine the Transatlantic economy |
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| In a statement published yesterday, our Director General Markus J. Beyrer highlighted that the US decision to impose an additional 20% tariff on EU goods will harm businesses and consumers on both sides of the Atlantic. |
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| It also risks triggering retaliatory measures that will further disrupt global supply chains and undermine confidence in global trade, without delivering meaningful benefits to either side. “In its response, the EU must be united with a legally sound, proportionate, and targeted approach that avoids unintended consequences for EU economic operators. |
| Ultimately, it is in the best interest of both the EU and US to reach a negotiated solution”, he said. Additionally, Beyrer called for urgent action to advance an ambitious trade and investment diversification strategy to build resilience and safeguard its economic interests. Swift ratification of the concluded agreements with Mercosur and Mexico is crucial in this respect. |
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EU-Türkiye High Level Business Dialogue |
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 | The EU-Türkiye High Level Business Dialogue on 3 April in Brussels explored ways the EU and Türkiye can cooperate to enhance competitiveness and drive the green transition in a mutually beneficial manner. The event took place alongside the EU-Türkiye High Level Economic Dialogue, the first to be held since 2019. Our Deputy Director General Luisa Santos reiterated that a strong and competitive EU economy is essential to navigate today’s global uncertainties. She underlined the importance of partnerships, pointing to Türkiye as a key economic partner — not only because of geographical proximity, but above all because of the deep links between our economies through regional and global supply chains. In this context, the modernisation of the Customs Union Agreement should be prioritised and Türkiye’s efforts to align with EU regulations should be accelerated. “This is the best guarantee to achieve predictability and an environment that promotes rule of law and security of investments”, Santos concluded.
Picture copyright: European Union, 2025. |
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| Our Deputy Director General Luisa Santos participated in an S&D hearing on Mercosur on 2 April. She highlighted that market diversification is key to strengthen European competitiveness. “In the current geopolitical context, furthering economic integration in a market of 750 million consumers is an opportunity that we can’t miss”, she said. |
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“There's an urgency, the Council and the Commission need to act now, and they need to implement what we're seeing in the Omnibus [package] and go further in the following ones”. |
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