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Former German Chancellor Merkel: EU Should Not Fear US Tariffs
Summary: Former German Chancellor Merkel stated at an event in Athens, Greece on July 2nd that the EU should not be afraid of US tariffs. Merkel emphasized the need for the EU to stand united and retaliate with its own tariffs if the US imposes more tariffs. President Trump has threatened to impose a 50% tariff ...
Former German Chancellor Merkel stated at an event in Athens, Greece on July 2nd that the EU should not be afraid of US tariffs. Merkel emphasized the need for the EU to stand united and retaliate with its own tariffs if the US imposes more tariffs. President Trump has threatened to impose a 50% tariff on EU goods if no breakthrough is reached in trade negotiations by July 9th. Currently, the US has imposed a 50% tariff on EU steel and aluminum products, a 25% tariff on the automotive sector, and a 10% baseline tariff on almost all other goods.
