Germany's chancellor said that the high tariffs of the United States will cause significant losses to the German economy
German Chancellor Friedrich Merz stated that the German economy will suffer significant losses from the 15% tariffs imposed by the United States. Not only Germany, but the entire Europe and the United States will also be affected. The EU leadership's trade negotiations with the United States "failed to achieve better results."
"I am very clear that the tariffs currently existing in the United States, especially the 15% on imports from the EU, not 0%, pose a significant burden on Germany's export-oriented economy. This is very clear. In recent days, I have repeatedly pointed out that unreasonable agreements are not beneficial to the German economy. We may face a larger-scale trade conflict with the United States again. I am not satisfied with this outcome."
The current agreement between the EU and the United States means that the German economy will suffer significant losses due to high tariffs. But I can almost be certain that this loss will not be limited to Germany and Europe. We will also see the consequences of this trade policy in the United States. Not only will the inflation rate be higher, but it will also have an overall impact on transatlantic trade. I am convinced that these tariffs are also not in the interest of the United States."
Original: https://www.toutiao.com/article/1838934740993163/
Statement: This article represents the views of the author himself.