German Chancellor: EU-US Tariff Negotiations Enter Final Stage

According to ChainCatcher, German Chancellor Merz stated in Berlin that the German economy has reversed its recession and is now on the path to recovery. He also mentioned that tariff negotiations between the European Union and the United States have entered their final stage, with both sides still discussing whether to implement differentiated policies for specific industries.

He expressed support for the European Commission's efforts to reach an agreement, saying, "The lower the tariffs, the better it is for both sides; ultimately, tariffs hurt everyone." He also noted that the United States' tax and spending policies have put significant pressure on its own budget, which could result in a severe fiscal deficit.