Former German Chancellor Merkel: The EU Should Not Fear US Tariffs
According to Jinse Finance, citing CCTV News, former German Chancellor Angela Merkel stated at an event in Athens, Greece, on July 2 local time that if tariffs imposed by the Trump administration lead to American citizens paying more for goods, then Trump himself will also be affected. Merkel emphasized that the European Union must remain united and should not be intimidated when Trump imposes additional tariffs on the EU, but should instead retaliate with its own tariffs. She stressed that the EU must negotiate with the United States to resolve tariff issues. U.S. President Trump has previously threatened that if there is no breakthrough in U.S.-EU trade talks by July 9, he will impose a 50% tariff on EU goods. Currently, the United States imposes a 50% tariff on EU steel and aluminum products, a 25% tariff on the automotive sector, and a 10% base tariff on almost all other goods.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Global Bank Stocks Sink as Bond Losses Top $326 Billion: Is Another SVB Coming?
About 700,000 BTC have flowed out of exchanges in the past year.
Korean retail investors shift to the US in Q3: Sold over 5.5 trillion won of Korean stocks, purchased more than 10 trillion won of US stocks
In the third quarter, Korean retail investors made net purchases of US stocks worth approximately 10.15 trillion won, marking a complete reversal from the previous pattern in the first half of the year, when they made net purchases of nearly 100 trillion won in KOSPI stocks. In September alone, the sell-off amount reached as high as 14.2 trillion won. Analysts attribute this shift to a combination of factors: a sharp decline in KOSPI at high levels, the continued strength of the US stock market driven by AI themes, and the appreciation of the Korean won reducing currency exchange costs.
Crypto prices
More
