Germany's Merz Urges Quick EU-US Tariff Deal Before July Deadline

German Chancellor Friedrich Merz has called on the European Union to swiftly reach a simple and quick agreement with the United States to resolve the ongoing tariff dispute, with a deadline looming in early July. Merz emphasized that this should not be a comprehensive trade deal but a focused resolution to prevent tariffs on EU goods, which could severely impact key European industries such as automotive, steel, chemicals, pharmaceuticals, and mechanical engineering. He highlighted concerns over the United States, under President Donald Trump, potentially reducing its long-term commitment to Europe, urging the EU to prepare for a future with less American support. Merz stressed the urgency of the situation, advocating for a rapid settlement to protect vital economic and industrial relations between the two powers. While the EU seeks tariff relief in essential sectors, officials acknowledge that any agreement might involve asymmetries due to ongoing geopolitical tensions. Overall, Merz’s statements underline the strategic importance of a quick resolution to preserve transatlantic cooperation and economic stability.