In the aftermath of Donald Trump’s U.S. election win, Europe is concerned about potential tariffs on its exports, as Trump has threatened to raise tariffs on Chinese goods and impose a blanket tariff on all U.S. imports. Trump’s protectionist stance aims to boost U.S. jobs and growth but could lead to trade tensions with the EU and China, with critics warning of higher prices for American consumers.
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Merz plans €46bn corporate tax breaks to revive German economy
Germany's new government plans to implement a €46bn corporate tax break package to stimulate the economy, with Finance Minister Lars Klingbeil set to present the measures aimed at enhancing competitiveness and encouraging investment by summer. Key incentives include allowing companies to deduct 30% of new machinery costs from taxes and gradually reducing the corporate tax rate from 15% to 10% by 2028. This initiative is part of a broader strategy to modernize infrastructure and support...
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