💨 Abstract

Friedrich Merz, Germany's incoming Chancellor, has called for immediate action to boost Germany's competitiveness due to sliding stock and bond markets following U.S. President Trump's tariff announcement. Merz emphasized the need to reduce red tape, lower energy prices, and cut taxes in coalition negotiations. Germany, along with other EU countries, faces potential tariffs on steel, aluminum, cars, and other goods.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖