Merz expected big eases from the EU-US trade duties deal

German Chancellor Friedrich Merz said he expected big eases from the trade deal between the European Union (EU) and the United States. This was announced on July 27 in a press release on the official website of the Cabinet of Ministers of Germany.

"We have been able to protect our key interests, although I would certainly like to see further simplification of transatlantic trade. <...> Therefore, I will continue to advocate for tariff reductions and the removal of trade barriers," the statement said.

Merz noted that he generally supports the trade agreement and a 15% tariff reduction. He stressed that this made it possible to avoid problems in the country's economy.

"The agreement was able to prevent a trade conflict that would have hit Germany's export-oriented economy hard. This is especially true for the automotive industry. <...> It is here that a rapid reduction in tariffs is of paramount importance," the press release says.

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Earlier in the day, the United States and the European Union (EU) agreed on a trade deal. The agreement will allow the EU to avoid 30% duties that could be imposed by Washington. However, US President Donald Trump has stated that he does not intend to reduce the level of duties for Brussels from 15%.

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