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Live Updates  >  Live Update Details

2025-07-28 17:51:35

[15% tariff is a foregone conclusion, German Economy Minister: The agreement brings certainty, but there are many challenges] ⑴ German Economy Minister Reiche said that in the current challenging times, it is crucial to reach a US-EU trade agreement. ⑵ She pointed out that the 15% basic tariff in the agreement will undoubtedly pose a challenge to German companies. ⑶ However, she emphasized that the biggest benefit of the agreement is that it "provides certainty", which is crucial to stabilizing market confidence. ⑷ Reiche believes that the most important thing now is to quickly clarify the implementation details of the agreement to ensure that Germany can rely on the stability of this agreement. ⑸ This statement reflects that although Germany has concerns about tariff rates, it prefers to avoid more destructive trade conflicts through agreements. ⑹ The focus of the market will shift from the agreement itself to its specific implementation methods and its impact on different industries

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