German Chancellor: German economy turns the tide and trade talks with Europe and the United States enter the final stage.
German Chancellor Merkel said on the 18th in Berlin that the German economy has turned the tide of recession and is moving towards recovery. She also mentioned that the tariff negotiations between the EU and the US have entered the final stage. Merkel stated at a summer press conference that the German government's recent tax relief policies are having a positive effect, market confidence is continuing to rise, investor willingness is significantly increasing, and some economic research institutions are starting to raise their growth forecasts for the German economy. Merkel said, "We have started to turn the situation around," and the current priority is to ensure that the economy moves away from recession. Merkel revealed that the tariff negotiations between the EU and the US have entered the final stage, and both sides are still discussing whether to adopt differentiated policies for specific industries. She supports the efforts made by the European Commission to reach an agreement, stating that "lower tariffs are beneficial for both parties, as tariffs ultimately harm everyone." She also mentioned that the US tax and expenditure policies have put immense pressure on their own budget and could lead to serious fiscal deficits.
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