German Chancellor Friedrich Merz said on Monday he was not satisfied with the result of trade talks with the United States, but "more simply wasn't achievable" and added the German economy would suffer "significant" damage due to the agreed tariffs.

German Chancellor Friedrich Merz has welcomed the agreement reached in the customs dispute between the European Union and the US. "With the agreement, we have succeeded in averting a trade conflict that would have hit the export-oriented German economy hard,

EADaily, . German Chancellor Friedrich Merz welcomed the agreement on the introduction of a 15 percent duty on exports from the EU to the United States, but admitted that he expected big eases as a result of the deal,