Germany’s Friedrich Merz says US tech perks could be target in trade war

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The European Union could retaliate against US technology companies if the trade conflict with Donald Trump’s administration escalates, German Chancellor Friedrich Merz said.

While the leader of Europe’s largest economy aims to reduce tariffs and defuse tensions with the White House, he said that the bloc would need to protect its interests and pointed to the US surplus in services trade with the EU.

“At the moment, we strongly protect US tech companies — also on taxes,” Merz said Monday in Berlin at the WDR Europaforum conference. “That…



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Germany’s Friedrich Merz says US tech perks could be target in trade war


The European Union could retaliate against US technology companies if the trade conflict with Donald Trump’s administration escalates, German Chancellor Friedrich Merz said.

While the leader of Europe’s largest economy aims to reduce tariffs and defuse tensions with the White House, he said that the bloc would need to protect its interests and pointed to the US surplus in services trade with the EU.

“At the moment, we strongly protect US tech companies — also on taxes,” Merz said Monday in Berlin at the WDR Europaforum conference. “That…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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