German Prime Minister: EU US tariff negotiations enter final stage

BlockBeats News: On July 19th, German Chancellor Mertz stated in Berlin on July 18th that the German economy has reversed its recession and is moving towards recovery. He also stated that the tariff negotiations between the EU and the US have entered the final stage. Both parties are still discussing whether to adopt differentiated policies for specific industries. He supports the efforts of the European Commission to reach an agreement, stating that 'the lower the tariffs, the more beneficial it is for both parties, and tariffs ultimately harm everyone'. He also said that the tax and spending policies of the United States have put enormous pressure on its own budget and may lead to serious fiscal deficits. (Golden Ten)