German Chancellor: EU-US Tariff Negotiations Enter Final Stage

BlockBeats News, July 19th. German Chancellor Merkel stated in Berlin on the 18th that the German economy has reversed the recession and is moving towards recovery. She also mentioned that the tariff negotiations between the EU and the US have entered the final stage. Both sides are still discussing whether to adopt a differentiated policy for specific industries.

She supports the efforts of the European Commission to reach an agreement, stating, "The lower the tariffs, the more beneficial it is for both parties. Ultimately, tariffs harm everyone." She also mentioned that the US tax and spending policies have put enormous pressure on its own budget, potentially leading to a significant fiscal deficit. (Golden Finance)