Trade War Brewing: Merz Demands Fast Deal with US, Macron Won’t Accept Imbalance!
EU and US on the brink of a trade clash! Germany and France locked in a fierce dialogue as the July 9 deadline looms!
Time is running out, tariffs are rising! German Chancellor Friedrich Merz is pushing to avoid prolonged negotiations on a trade deal with the US. “We have less than two weeks, until July 9, and you cannot conclude a sophisticated agreement in that time,” he told reporters. Why the rush? Because US President Donald Trump threatens to raise tariffs from the current 10% to a whopping 50% on most European goods, including 25% on cars and parts. This could devastate European industries, especially chemical, pharmaceutical, engineering, and automotive sectors.
Macron refuses a weak deal! French President Emmanuel Macron made it clear his country will not accept an unbalanced agreement. “Goodwill is not weakness,” he said. Macron advocates for the EU to use all tools, including a digital tax on American tech giants like Google, Meta, Apple, and X, as a response to US tariffs.
EU prepares for all options European Commission President Ursula von der Leyen confirmed they have received the latest US proposal and are reviewing it. The EU is ready for a deal but also for the possibility of no satisfactory agreement. “All options are on the table,” she said. The EU already has tariffs on US goods worth 21 billion euros and is considering additional measures on goods worth 95 billion euros.
A new trade organization? Merz proposed that Europe form a new trade organization that could replace the WTO, which has been ineffective lately. The idea is in early stages but could include dispute resolution mechanisms that the WTO failed to provide.
What’s next? Given the tensions and the tight two-week deadline, a trade war between the EU and US could escalate. Will Merz’s push for a fast and simple deal overcome Macron’s insistence on balance? Or will we see tariffs soar and damage the European economy?
Entertainment for viewers, nightmare for industry! If you thought trade wars were boring, think again! This drama has it all: threats, ultimatums, digital taxes, and tariff threats up to 50%! All while industries tremble and tally losses.
What do you think? Will the EU and US manage to strike a deal or will the trade war escalate? Who’s more stubborn here – Merz or Macron? Drop a comment, share your thoughts, and remember – trade isn’t just numbers, it’s jobs and lives of millions!
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