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German Chancellor Angela Merkel promised to "make every effort" on Wednesday to avoid a war with the United States.
The Chancellor also promised to increase Germany's defense budget, complicating US-German relations. Speaking to the Bundestag said that "it is worthwhile to make every effort to try to reduce the tension in this conflict so that it does not become a complete war." As stated, on June 22, EU tariffs, which have been approved by the Member States in response to US tariffs for steel and aluminum imports from the US. EU, entered into force.
EU response tariffs were initially applied to imports of US goods for an amount of 2.8 billion euros, most of these goods being set at 25%. Customs tariffs apply to a range of products ranging from agricultural products to jeans, whiskey, motorcycles and various steel products.
The United States already applies 25% tariffs on steel and 10% tariffs on aluminum imports since June 1, 1965. Also reiterated the promise to increase the defense budget to 1.5% of gross domestic product (GDP) by 2024. Experts estimate that in this case the German defense budget will reach 60 billion euros
In terms of the current defense budget of 38.9 billion euros, Merkel acknowledged that, compared to what other countries are investing against their GDP,
The aim of NATO is to 2% of GDP
The United States, which according to the Stockholm International Peace Research Institute, will devote 3.1% of GDP to defense, call for the achievement of the goal of the NATO by 2024.
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