Merz warns of ‘dramatic’ impact of US tariffs on German economy

Germany’s chancellor-in-waiting Friedrich Merz has expressed concern over the “dramatic” impact of US tariffs on global markets, particularly affecting Germany’s international competitiveness. The announcement of 20 per cent tariffs on European exports has led to significant economic challenges, with potential losses of €200bn and a 1.5 percentage point decrease in GDP by 2028. Merz, under pressure to form a government, is facing difficulties in coalition negotiations with the Social Democrats as support for the far-right Alternative for Germany grows.

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