The German Chancellor acknowledges that the customs duties of 15% provided by the trade agreement concluded between the United States and the European Union will cause “significant damage” to the German economy.
Customs duties of 15% in European exports agreed between the United States and the European Union will cause “significant damage” to the German economy, recognized on Monday, July 28, German Chancellor Friedrich Merz, who was one of the first to greet the trade agreement.
“I am not satisfied with this result, in the feeling that I do not think it is something good, but (…) it was obvious, given the initial situation with the United States, which was not possible to obtain more,” he added before the press, the leader of the first European economy, depending strongly on exports.
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Source: BFM TV
