america's trade partners are firing back as a response to the new u.s. tariffs after mexico and canada now the european union are slapping punitive duties on u.s. imports worth two point eight billion euros starting in july. and controversial remarks by qatar airways c.e.o. have started a long you debate about the male dominance in the airline industry and how it can get expensive. for business and d.-w. us welcome to the program the e.u. is preparing a harsh response to the new u.s. tariffs starting in july the bloc will impose import duties on a variety of u.s. products new penalties were announced today and come in response to increased u.s. students on imported steel and aluminum that took effect this month about three point four billion dollars worth of annual u.s. imports are expected to be hit by the new measures ranging from agricultural

products to steel and bourbon whiskey that list could also be expanded in the future according to e.u. officials. and this doesn't only affect businesses of course earlier we spoke to our financial correspondent in frankfurt all the bots and i asked him how these tariffs could impact the average citizen. yeah for example in the united states steel tariffs are used by the steel companies in the car companies to pass the higher costs on to consumers and they will be affected and here with consumer goods affected like peanut butter or orange juice or per perhaps jeans the margins in this kind of business with retailers are much smaller so i think here there won't be much of a decision to pass them on it will make things more expensive for the average consumer here in the u. in these products. that will be spots in frankford let's not cross over to sophie

she man secure financial correspondent in new york has been following the story for us too so feet looking at the market reaction specifically investors don't seem to be too worried about these tariffs we're seeing most of the markets in the green. yeah it's remarkable that markets did not show any kind of feel wall street actually edged higher on wednesday so the story was more tax reform and i feel like investors are looking short term here at the moment the market is hot people have money in their pockets and they want to spend that but even without these tariffs and without any imminent trade wars some might argue the united states are simply at the end of an economic cycle that has brought low unemployment stronger g.d.p. growth i mean even the bad is optimistic they started raising rates so they can foreshadow the end off an economic cycle in the long term so investors people looking to peterhead right now are taking profits before they might reconsider and

even leave the market i mean the world bank said an escalation of tariffs could translate into a global trade flow decline of nine percent similar to the drop that we saw during the financial crisis and then again there are signs that won't even be able to realize these tariffs we just heard that senator bob corker and bill showing these terrorists won't be as easily imposed as a thought may be another reason why markets react to really calm today so if we know the trump is to reduce the trade deficit is the strategy working. right it is indeed a seven month low at the moment so it seems to be working on the first side but some and then the say these numbers can be misleading and that becomes obvious when you dig a little deeper is so you could see for example that the trade deficit with china has actually grown in april so fishman's he told us

a story from the new york stock exchange thank you very much. europe as you may know as referred to as the old continent which is great for architecture enthusiastic and historians but not so much for those who want to move on to the digital age where some countries are lagging behind the e.u. has now proposed nine point two billion euro budget programme to fund the blocks digital priorities the plan unveiled by they use commissioner for digital affairs would divide funding among areas like artificial intelligence cyber security and training the new funding aims to complement the efforts to smooth digital access security and regulation across the block the commission says the program would invest in areas that member states alone can't reach the proposal comes as digital services assume a greater part of the economy and as industries turn to digital solutions built on faster and more seamless networks china and the u.s. are widely considered ahead in digitize ation. that

europe cannot afford to continue to lag behind in the field of digital technology no member state can meet this challenge alone and that is why we must act together with concerted actions to bring added value. to the e.u. is also proposing an additional three billion euros in its budget to extend the reach of high capacity broadband both programs would be part of the blocs budget beginning in two thousand and twenty one and still must be approved by members. of the c.e.o. of qatar airways but i'll back it has apologized after saying his job was too difficult for a woman but the spite that apology his remarks have sparked a new discussion at the international air transport association in the industry widely led by men. i think i asked about the issue among middle east airlines in

particular and why his job as head of his country's flag carrier couldn't be done by a woman the qatar airways chief executive gave a typically provocative answer to quantize see no alan joyce seated next to al baca tried to make light of the comments. well you know of course it has to be led by a man because it is it is a very challenging position and i'm sure that you know i'm sure that. and. i said i said he was going to stop saying controversial to. ask it's on it when it is god we're going to get i don't know where i'm going to. sort of you know i have to put a little bit off. fireworks and i want to motivate people to have more questions. defended his remarks saying that qatar airways was the first airline in the region

to have women pilots and for sixty percent of all student pilots at the airline were women the issue of gender imbalance in aviation was a hot topic among over two hundred airlines represented at the iata meeting joyce who care and pain for marriage equality in australia said ensuring a diverse workforce in general could help drive profits if you're not tapping into the first the inclusion you're going to be on at disadvantage you know we're all looking for the best talent out there and if so maryland's and some companies are only looking for males and those roles are not going to do well because you get the best and the best people in the best job you're going to perform there he credited the turnaround in quantas his fortunes in recent years as a partly due to the airline's diversity policy. bulgaria is a significant player in the production of roses split in the country's famous rose valley adverse weather conditions and overproduction are now threatening the

industry making the long term perspective for growers look less rosy. it's time to celebrate the picking season is over and growers in bulgaria's rose valley are finally letting their hair down they've worked hard over the past month starting each dawn to haul in sacks of rose blossoms that will later be pressed for oil the delicate flowers must be hand picked. roses have been cultivated in this region of central bulgaria for nearly two hundred years the oils are world renowned the livelihoods of the small scale growers and oil producers are interwoven with the fate of the flower itself in all that they get out of nothing a rose is the main source of income here in our region and it is very important for everyone. there's an old bulgarian saying one day feeds the whole year actually there are whole families that live on growing roses. but the industry's

a prickly one locals fear climate change is making crop yields unpredictable and could affect the quality of the pedals themselves. currently crops are booming however yields have risen twenty two percent in the past two years according to the country's ministry of agriculture. that's also a problem prices are going down as a result putting pressure on growers many like fixed price contracts with oil producers and they have laborers to pay. stakeholders now say the industry needs tighter controls to protect growers from volatility. there needs to be control and regulation on every level in our production starting from the planting material the picking process accepting the flowers to finally the qualification and export of the bulgarian rose oil of wonderful book areas government is working on such a plan supporters hope it can stabilize the industry and ensure there roses enough

for future celebrations. staying in the. fraud agency old fraud by under declaring the value of chinese imports to avoid. may have migrated from britain to greece and hungary the multimillion. chinese clothing. rising in places like the. volumes. and that's all for this edition. for watching remember you can always stay up to date on the web. or follow us on social media.

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