Nearly 60% of German firms expect EU-US deal to burden them more, finds DIHK BERLIN (Reuters) -Nearly 60% of German companies expect the European Union’s trade deal with the United States to create more burdens for them through higher tariffs and more bureaucracy, a survey said on Wednesday. That number rises to 74% for companies with a direct U.S. business, according to a flash survey by the German Chamber of Commerce and Industry (DIHK) of around 3,500 firms. In contrast, 37% do not foresee any effect, while only 5% expect economic relief as a result of the deal that will provide for 15% tariffs on most EU goods starting Thursday. "This agreement may have been politically necessary, but for many companies in Germany, it is still a bitter pill to swallow," said DIHK chief executive Helena Melnikov. Even more problematic is lingering uncertainty on whether the agreement will hold, said Melnikov, urging the EU Commission to push for improvements in further talks with the U.S. Almost two-thirds of German companies are turning their attention to new markets as a result, with the European single market in particular seen as stable and predictable.

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France and Germany lead downbeat EU response to US trade deal France describes it as a "submission", though there is relief in Europe that a trade war has been averted.

👇🇫🇷🇩🇪🇪🇺🇺🇸"France and Germany lead downbeat EU response to US trade deal" #EUUSDeal #France #Germany

What a great deal the EU got. 15% and they have to buy billions worth of fracked gas and oil. And they think they got stability when orange baby is in the white house. #EUUSDeal #TradeDeal #Tariffs

Dieser „Deal“ ist keine Partnerschaft – es ist ein Preis, den Europa zahlt, um in Washington gnädig behandelt zu werden.

Wer unsere Zukunft verschleudert, verdient unseren Widerspruch.

Wir brauchen kein „Buy American – Pay European“.
Wir brauchen strategische
#euusdeal

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a woman in a gray dress is standing in front of a group of people . ALT: a woman in a gray dress is standing in front of a group of people .

Collective security, is it now EU? More like collective capitulation. 🤐
#EUUSDeal

European wine sector voices alarm over possible exclusion from EU-U.S. trade deal Producers warn of economic fallout and job losses if tariffs rise, highlighting the sector’s importance to both economies

European wine sector voices alarm over possible exclusion from EU-U.S. trade deal #WineTrade #EUTRADE #USTrade #WineIndustry #EUUSDeal