Nasdaq Gains on German Chancellor Friedrich Merz’s Tariff Comments
German Chancellor Friedrich Merz has called for eliminating all tariffs between the US and EU and plans to persuade President Trump to agree to a zero-tariff deal during his upcoming visit. The EU is preparing a revised trade proposal for the US, which includes gradual tariff reductions on non-sensitive goods and cooperation in areas like energy, AI, and digital connectivity. There are signs the US may be open to a deal, as recent talks have shown de-escalation and optimism among EU officials – per Bloomberg agency. This trade optimism is boosting market sentiment—US100 (Nasdaq-100) and the broader Wall Street indices are gaining on hopes of a breakthrough in US-EU trade relations
Source: xStation
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