German Chancellor Friedrich Merz has expressed cautious optimism about reaching a resolution with the United States regarding the ongoing tariff dispute before the end of July 2025. Since mid-June, Merz has indicated expectations for a trade deal to be finalized before summer concludes, emphasizing ongoing close communication between Berlin and Washington. In late July, Merz noted that a decision on trade policy could be imminent. Concurrently, German Economy Minister Robert Habeck highlighted the importance of securing a deal amid challenging times, acknowledging that some sectors will need to adapt to the terms of any EU-US trade agreement. Merz also underscored that U.S. tariffs currently impose a significant burden on Germany’s economy and warned they could cause substantial damage to the country’s export sector. He added that EU tariffs are similarly not in the United States' interests, suggesting mutual economic drawbacks from the tariff dispute. Additionally, prominent business figures such as LVMH's Bernard Arnault have been actively engaging with European leaders, including Merz and Italy's Prime Minister Giorgia Meloni, to advocate for an EU trade deal with the U.S.
🌐 Internacionales | Merz dice que los aranceles de Trump a la UE causarán "daños importantes" a la economía de Alemania 🇩🇪 https://t.co/VIzWuA1rkY
German Chancellor Merz: US Tariffs Present 'Significant Burden' On German Economy
MERZ warns that U.S. tariffs could inflict significant damage on Germany’s export economy.