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2025-08-01 21:56:55
[German Chancellor Speaks: Can the US and EU reach an agreement on steel export quotas?] ⑴ German Chancellor Merz announced on Friday that the EU will negotiate with the US on steel export quotas. ⑵ The focus of the negotiations is to determine the quota of steel that can be exported to the US without imposing excessive tariffs. ⑶ Although the EU and the US reached a trade agreement last month, some industries, including steel and aluminum, still face high tariffs of 50%. ⑷ Merz called the agreement "painful" for European industry as a whole, but believed that the EU lacked the ability to trigger a full-scale trade dispute. ⑸ He stated that if a trade conflict broke out, "everyone would lose," and Europe would likely be the biggest loser. ⑹ The negotiations aim to secure more favorable export conditions for the European steel industry, avoiding the heavy burden of high tariffs. ⑺ This also shows that despite the signing of the trade agreement, trade frictions between the US and Europe have not been fully resolved, and detailed negotiations remain challenging.
