Germany's Merz: will negotiate steel export quotas with US
The EU's trade deal with Trump in July was greeted with a mix of relief and anger, with tariffs set at 15% for most products but negotiations continuing for certain sectors, including steel and aluminium, which carries tariffs of 50%.
The task now is to work out the "fine print," Merz said in the city of Saarbruecken.
"This will particularly concern quotas that we can then export without being burdened with excessive tariffs."
Merz described the agreement as "painful" for the entire European industry but said the EU was not in a position to trigger a full-blown trade dispute.
"There would have been only losers, and the biggest losers would probably have been us, the Europeans."
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