MADRID Jan. 2 () –
The leader of the German Christian Democratic Union (CDU), Friedrich Merz, and future chancellor, according to polls ahead of the February elections, defended this Thursday that the European Union sign a free trade agreement with the United States once once Donald Trump assumes the presidency for a second term.
“We need a positive agenda with the US that benefits both American and European consumers,” Merz said in an interview with the ‘dpa’ news agency. “A new European-American free trade initiative could avoid a dangerous spiral of tariffs,” he added.
However, the German politician has anticipated that friction with the incoming Administration will still probably translate into a “challenging” macro environment for European companies.
In any case, he has advocated not adopting retaliatory tariffs, but rather that the EU choose to reinforce the innovation and quality of European products.
In addition, the Christian Democrat has indicated that Germany should reduce its corporate tax to 25% from levels close to the current 30% to help companies alleviate costs and revitalize the country’s international attractiveness.
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