Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
WASHINGTON, Aug. 5 (Xinhua) — The European Union is "too weak" in negotiations with the United States on new tariffs, German Vice Chancellor and Finance Minister Lars Klingbeil said Monday during a visit to Washington.
"I think we were too weak. We cannot be satisfied with the result achieved," L. Klingbeil told reporters before a meeting with US Treasury Secretary Scott Bessent.
The German minister's statement was a comment on the agreement reached late last month by European Commission President Ursula von der Leyen and US President Donald Trump. Under the deal, most EU imports to the US will be subject to a 15% tariff, while the EU will also increase its purchases of US energy resources and its investments in the US.
The deal has drawn criticism across Europe, with opponents warning that even a 15 percent tariff would cause serious damage to the European economy.
A day after the bilateral deal was announced, German Chancellor Friedrich Merz echoed the sentiment, saying Europe's largest economy would suffer "significant damage" from the Brussels-Washington agreement. Merz stressed that the negative impact "would not be limited to Germany and Europe — we will see the consequences of this trade policy in America as well." –0–
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