Chancellor of Germany: The German economy is on the path to recovery, and the EU-US tariff negotiations are coming to an end.

According to reports, German Chancellor Merz stated on the 18th in Berlin that the German economy has reversed the recession and is moving towards recovery. He 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 differentiated policies for specific industries.

He supports the efforts of the European Commission to reach an agreement, stating that lower tariffs are more beneficial for both sides and that tariffs ultimately harm everyone. He also mentioned that the U.S. tax and spending policies have put tremendous pressure on its own budget, which could lead to a serious fiscal deficit.