Germany urges EU and US to launch free trade deal talks to abolish industrial tariffs – Reuters

Eren Sengezer FXStreet

Germany wants the European Union and the United States to launch free trade deal talks to abolish industrial tariffs, Germany's transatlantic coordinator Peter Beyer told Reuters on Monday.

"Germany and the US should jointly push for a World Trade Organization (WTO) reform to get China to play by international trade rules, violations must be sanctioned," the official added. "Germany wants Europe and the US to join forces in climate protection by aiming for transatlantic emissions trading system."

Market reaction

Market participants largely ignored these comments. As of writing, Germany's DAX Index was up 0.45% on a daily basis at 14,114.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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