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Merz: EU to discuss steel export quotas with US

German Chancellor Friedrich Merz announced that the European Union will begin quota negotiations for the steel sector following the trade agreement reached with the US last month.

Merz: EU to discuss steel export quotas with US

Merz stated that the priority goal is to determine the quantities that can be exported without being subject to high tariffs.

Under the agreement reached with the Trump administration in July, tariffs were set at 15% for most products, but negotiations would continue for sectors such as steel and aluminum, where tariffs of 50% apply.

Merz noted in a statement in Saarbruecken, “This particularly concerns quotas that can be exported without being subject to high tariffs.” Describing the agreement as “painful for European industry,” Merz stated that a full-scale trade war could not be launched because Europe would suffer the most damage in such a scenario.

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