German Chancellor Merz: Economic Reversal from Recession, EU-US Tariff Negotiations Enter Final Stage

[Coin World] German Chancellor Merz stated on the 18th in Berlin that the German economy has reversed the recession and is moving towards recovery. He also mentioned that the tariff negotiations between the EU and the United States have entered the final stage. Both sides are still discussing whether to adopt differentiated policies for specific industries. He supports the efforts of the European Commission to reach an agreement, "The lower the tariffs, the more beneficial it is for both sides; ultimately, tariffs harm everyone." He also stated that the U.S. tax and spending policies have put tremendous pressure on its own budget, potentially leading to a serious fiscal deficit.