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Germany's Merz: will negotiate steel export quotas with US
Published by Global Banking & Finance Review®
Posted on August 1, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on August 1, 2025
1 min readLast updated: January 22, 2026
Germany's Merz will negotiate steel export quotas with the US to reduce tariffs, following a recent EU-US trade deal impacting European industry.
BERLIN (Reuters) -German Chancellor Friedrich Merz on Friday said the European Union will negotiate with the United States on steel, focusing on quotas that can be exported without too high tariffs, after the two sides struck a trade deal last month.
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."
(Reporting by Markus Wacket; writing by Matthias Williams; editing by Miranda Murray)
The aluminium sector involves the production and trade of aluminium, a lightweight metal used in various industries, including construction, automotive, and packaging.
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