Customs duties: "The German economy will suffer considerable damage"

German Chancellor Friedrich Merz on July 28 in Berlin. The tariff agreement signed Sunday between the EU and the United States is worrying business circles. SEAN GALLUP / Getty Images / AFP
In Germany, a leading exporting nation, the customs agreement with the United States has drawn fierce criticism from business circles. Even the automotive sector, which has seen tariffs drop from 27.5% to 15%, is refusing to declare victory.
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