Berlin, Germany – German Chancellor Friedrich Merz confirmed that cooperation and trade between Germany and the United States have declined significantly as a result of new US tariffs and regulations. He also warned of the direct negative repercussions on economic relations between the two countries.
Pressure on German industrial sectors
Mertz explained that the tariffs imposed by Washington had caused a significant decline in trade volume. Furthermore, the effects of increased transaction costs were evident, impacting businesses, particularly in the automotive, machinery, and manufacturing sectors.
These developments are casting a shadow over the German economy, which is heavily reliant on exports. As a result, officials in Berlin have warned of the dangers of continued trade uncertainty.
Efforts to protect the partnership and avoid escalation
The German Chancellor called for a swift negotiated solution to the ongoing trade dispute. He also stressed that the goal is to reduce the burden on European companies and prevent the transatlantic rift from escalating.
The German government, in coordination with the European Union, is seeking to develop a flexible approach to address current customs challenges. Meanwhile, it also aims to maintain the depth of the economic partnership between Berlin and Washington.
