Markets rally aft Trump's EU tariff hold
Washington — Newly elected German Chancellor Friedrich Merz is gathering with President Trump astatine the White House connected Thursday, with the 2 satellite leaders expected to code commercialized and tariffs, arsenic good arsenic Russia's warfare successful Ukraine and tensions successful the Middle East.
It's their archetypal in-person gathering since Merz, person of Germany's center-right Christian Democratic Union party, won a parliamentary vote to go chancellor past period pursuing an predetermination successful February.
Tariffs and commercialized are definite to beryllium apical of caput for the 2 leaders, with Mr. Trump's 50% tariffs connected imports from the European Union acceptable to instrumentality effect July 9. The EU, which includes Germany, has said it's preparing "countermeasures" to deed back. The 50% tariffs were acceptable to commencement June 1, but Mr. Trump delayed the dense tariffs aft speaking with European Commission President Ursula von der Leyen. Twenty-seven nations marque up the EU.
"I look guardant to my archetypal idiosyncratic gathering with @POTUS time successful Washington," Merz posted connected X, successful German. "Our confederation with America was, is, and remains of paramount value for the security, freedom, and prosperity of Europe. The United States is an indispensable person and spouse of Germany."
The Trump-Merz gathering besides comes hours aft the president signed a proclamation Wednesday banning overseas nationals from a twelve countries, including Afghanistan and Haiti.
On Thursday, Mr. Trump and Merz are acceptable to clasp a bilateral gathering and past a bilateral luncheon meeting.
Kathryn Watson is simply a authorities newsman for CBS News Digital, based successful Washington, D.C.
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