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The Wall Street Publication > Blog > Economy > German chancellor hopes US will deliver down tariffs, says ‘best thing for mutual wealth’ is open markets
Economy

German chancellor hopes US will deliver down tariffs, says ‘best thing for mutual wealth’ is open markets

Editorial Board Published June 6, 2025
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German chancellor hopes US will deliver down tariffs, says ‘best thing for mutual wealth’ is open markets
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German Chancellor Friedrich Merz discusses commerce negotiations with america and Elon Musk’s involvement in German politics on ‘Particular Report.’

German Chancellor Friedrich Merz stated President Donald Trump’s tariffs are threatening his economic system, including that he believes free commerce and open markets are “the best thing for mutual wealth” throughout a go to to america on Thursday.

Although the overseas chief stated he did not need to touch upon the “domestic debate,” he did say that the tariffs are “really threatening [his] economy,” including that Germany is “looking for ways to bring them down.”

GERMANY’S MERZ TO ‘ADAPT’ TO TRUMP DURING HIGH-STAKES MEETING ON TARIFFS, DEFENSE

President Donald Trump and German Chancellor Friedrich Merz meet on the White Home in Washington, D.C., U.S., June 5, 2025.  (REUTERS/Kevin Lamarque / Reuters)

“Our conviction is that free trade, open markets is the best thing for mutual wealth of our countries and of our continent,” Merz stated, partially. 

“This is an issue which has to be negotiated between the American government and the European Commission. We are part of Europe, so we are in the discussion, but I have my view on that.”

TRUMP WEIGHS ‘VERY HARSH’ RUSSIA SANCTIONS BILL AS GERMAN CHANCELLOR SEEKS MORE PRESSURE ON PUTIN 

Trump has imposed a 25% tariff on imported autos and components, which is along with the momentary 10% tariff – which is down from 20% – on all items.

Merz stated “we should bring them down” when briefly referencing his general opinion of the tariffs.

Trump tariff

President Donald Trump holds a chart exhibiting the reciprocal tariffs imposed on buying and selling companions throughout an occasion within the Rose Backyard entitled “Make America Wealthy Again” on the White Home in April 2. (BRENDAN SMIALOWSKI/AFP through Getty Photographs / Getty Photographs)

Trump has said that his final aim is an open market, however solely when America is being handled pretty by commerce companions.

CLICK HERE TO READ MORE ON FOX BUSINESS 

As a part of the European Union, Germany imposes a ten% tariff on most American automobile imports.

TAGGED:bringChancellorGermanHopesMarketsmutualopentariffswealth
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