US EditionGerman Economy Faces 'Substantial Damage' From US-EU Deal: Merz
GERMANY, JUL 29 – Chancellor Merz warns that the 15% tariff on EU goods will cause significant harm to Germany's export-driven economy amid stalled trade negotiations with the US.
- Friedrich Merz stated that Germany will face "substantial damage" due to new U.S. tariffs from a trade deal with the EU.
- The deal imposes a 15% import tariff on most EU goods, which is lower than the previously threatened 30%.
- Merz noted that the new tariff almost halves the existing rate on the auto sector, dropping from 27.5%.
- He expressed dissatisfaction with the outcome, stating that achieving a zero-for-zero agreement would have been more desirable.
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36 Articles
After the customs agreement between the European Union and the USA, Federal Chancellor Friedrich Merz was still confident about the framework agreements ... The post Merz rowing back: After enjoying the US-EU deal, he warns against the bad economic consequences appeared first on Apollo News.
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derwesten.de
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German Chancellor Friedrich Merz said on Monday he was not satisfied with the result of trade talks with the United States, but "more simply wasn't achievable" and added the German economy would suffer "significant" damage due to the agreed tariffs.
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