German Chancellor Merz says trade-tariff threats damage transatlantic relations; talks with US should always be based on Greenland's sovereign and territorial integrity

• Preliminary signs of an economic recovery in Germany.
• Tariff increases would be paid by US citizens but would also harm the German and European economies.
• Germany and EU allies determined to avoid tariff escalation.
• Will try to meet with Trump on Wednesday.
• Do not want a trade conflict with US, but if are confronted with tariffs, EU will react.
• Tariffs benefit no one and hurt nearly everyone, and US economy is not going so good.
• Will seek a solution to avoid additional tariff burden.
• Confident that will reach a unified position at EU Summit on Thursday.
• Know Trump threatens tariffs but talks have also lead him to refrain from implementing them, that has been my strategy and will continue to pursue it.
• Coordinates very closely with Macron. France hit harder by US tariffs. Merz understands the need for a tougher stance.

Chancellor Merz's comments on tariffs reflect a growing tension in transatlantic trade relations, emphasizing the risks of tariff escalation for both the US and European economies. His strong stance against tariffs and willingness to negotiate signals determination among EU leaders to adopt a unified front, which could influence market sentiment, particularly in currencies like the USD and EUR, and impact equities and commodities linked to trade dynamics.