Germany Welcomes Trade Agreement Between the United States and the European Union
Germany has welcomed the trade agreement reached between the United States and the European Union, signed on Sunday in Scotland by U.S. President Donald Trump and European Commission President Ursula von der Leyen.
German Chancellor Friedrich Merz expressed satisfaction with the agreement, stating that it spared the world from unnecessary trade escalation and contributed to the protection of the German economy, particularly the automotive sector.
One of the key provisions of the agreement is a reduction of tariffs on European cars exported to the United States from 27.5% to 15%, which has brought significant relief to Germany’s export-reliant automotive industry.
Merz affirmed that Germany’s fundamental economic interests were preserved, while expressing hope for further progress in trade liberalization. He called for continued negotiations in a spirit of cooperation with the United States, aimed at building stable, balanced, and predictable trade relations.
He reiterated Germany’s commitment to open and fair global trade, expressing support for the idea of further reducing tariffs and trade barriers, especially with Mercosur countries, within the framework of other free trade agreements.
It is noteworthy that the United States had recently threatened to impose an additional 30% tariff on European cars if an agreement was not reached by August 1, a scenario now avoided thanks to the weekend’s agreement.
