Merz is under enormous pressure from German industry, particularly from automakers, to push the EU to seal a rapid deal as its export-oriented economy is behing hit hard by Trump\u2019s sectoral tariffs. The U.S. currently levies 25 percent tariffs on cars and 50 percent on steel and aluminum.<\/p>\n
\u201cThere is a lot at stake here,\u201d said Merz. \u201cJobs are at stake here. The prosperity of our country is also at stake here.\u201d<\/p>\n
While pushing the EU to act quickly, Merz also said Germany would \u201cachieve nothing\u201d if it were to act on its own, underscoring the need for unity among the the bloc\u2019s 27 member states.<\/p>\n
Two officials told POLITICO earlier this week that the U.S. has offered an agreement to the EU that would keep a 10 percent baseline tariff <\/a>on all EU goods, with some exceptions for sensitive sectors such as aircraft and spirits.<\/p>\n Trump said on Tuesday he could be two days away from sending a letter<\/a> to the European Union indicating that it has a trade deal with the United States. He has, however, pushed back a deadline<\/a> for a return of more sweeping tariffs to Aug. 1 should no agreement be reached.<\/p>\n","protected":false},"excerpt":{"rendered":"Merz is under enormous pressure from German industry, particularly from automakers, to push the EU to seal a…\n","protected":false},"author":2,"featured_media":250444,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5310],"tags":[1212,346,32,2000,8954,299,1214,1945,1824,806,1218,479,1201,6862,49],"class_list":{"0":"post-250443","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-germany","8":"tag-aluminum","9":"tag-cars","10":"tag-donald-trump","11":"tag-eu","12":"tag-eu-us-trade-talks","13":"tag-europe","14":"tag-exports","15":"tag-friedrich-merz","16":"tag-germany","17":"tag-industry","18":"tag-steel","19":"tag-tariffs","20":"tag-trade","21":"tag-trade-agreements","22":"tag-united-states"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114822689862050647","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/250443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=250443"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/250443\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/250444"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=250443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=250443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=250443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}