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German Chancellor: EU-US Tariff Negotiations Enter Final Stage
Summary: According to sources, German Chancellor Angela Merkel stated in Berlin on the 18th that the German economy has turned around from recession and is moving towards recovery. She also mentioned that tariff negotiations between the EU and the US have entered the final stage. Both sides are still discussing whether to adopt differentiated policies for ...
According to sources, German Chancellor Angela Merkel stated in Berlin on the 18th that the German economy has turned around from recession and is moving towards recovery. She also mentioned that tariff negotiations between the EU and the US have entered the final stage. Both sides are still discussing whether to adopt differentiated policies for specific industries. Merkel supports the efforts of the European Commission to reach an agreement, stating that lower tariffs are more beneficial for both parties, as ultimately tariffs harm everyone. She also noted that the US tax and spending policies have put significant pressure on its own budget, potentially leading to a severe fiscal deficit.
