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The World Economic Situation Is Grim? Merkel: The United States Benefits More In Trade
Aug 07, 2018

Merkel said that Europe cannot simply rely on the United States and should find its role in the global order. The most urgent thing now is the permanent structural cooperation of the EU in the field of defense.

German Chancellor Angela Merkel: "We don't want these tariffs. We think this will harm everyone, not just the EU. The impact will be more extensive. Juncker will also convey this view."

Merkel said that although the EU has a surplus with the United States from the perspective of trade volume, if the profit is taken into account, the interest surplus is in the United States, so overall, the United States benefits more from global trade. Merkel also said that pursuing multilateralism has always been an important concept of her administration.

German Chancellor Merkel: "In my political career, multilateralism has always been very important. Everyone can work together to achieve a win-win situation. Although such a concept is now challenged, I will always pursue this philosophy.