German Chancellor admits trade deal will severely hit the economy but has no choice

Melts admits that the EU-US trade agreement will severely hit the German economy but thinks there is no alternative!

German Chancellor Melts stated that the German economy will be seriously affected by the 15% import tax on US goods, but it is impossible to achieve more in the trade negotiations with the US.

"I fully realize that the remaining import tariff rates, mainly the 15% on EU imports, are a major burden on Germany's export-oriented economy, which is very clear. However, considering our initial position with the US, a better outcome is not possible. This means that, from an open perspective, the German economy will be seriously affected by these agreements."

Melts emphasized that the consequences of this trade policy will affect not only Germany but also the United States: "Personally, I did not expect a bigger result than this. However, although this result cannot satisfy us, it is the best achievable under these circumstances."

Original article: https://www.toutiao.com/article/1838922713198604/

Statement: The article represents the views of the author himself.