German Opposition Leader Proposes EU-US Free Trade Talks Ahead of Trump's Return
Friedrich Merz advocates for renewed trade negotiations to counter potential tariffs and bolster EU competitiveness.
- Friedrich Merz, Germany's CDU leader and frontrunner for chancellor, has called for a 'positive agenda' with the US, including renewed free trade negotiations.
- Merz warns of tougher economic conditions for Europe under Donald Trump's upcoming presidency, citing potential high import tariffs on EU goods.
- The proposed trade talks aim to revive discussions on an EU-US free trade agreement, which were halted during Trump’s first term in 2017.
- Merz opposes retaliatory tariffs, advocating instead for measures to restore EU competitiveness, such as lowering Germany's corporate tax rate to 25%.
- The US remains Germany's largest export market, with trade imbalances and potential tariffs posing significant risks to the German economy.