Trade

Brussels is putting a positive spin on its trade deal with the United States. But representatives of Germany industry say that there is little cause for celebration.

DZ Bank Chief Economist Michael Holstein does not share the ECB’s concern that medium-term inflation might be too low. And with regard to the trade dispute with the US, he anticipates a tough negotiating stance from Washington.

More purchases of gas and soy, a complete waiver of reciprocal tariffs, easier market access for US companies — but no concessions on consumer protection laws. This is how MEP Bernd Lange envisions the EU’s negotiating position in trade talks with the United States.

The European Commission has responded firmly yet appropriately to the violations of the US tech giants, with fines for Meta and Apple. The moderate action should help diffuse tension and facilitate trade negotiations.

Container shipping companies are well capitalised with strong liquidity, Berenberg industry expert Philipp Wünschmann tells Börsen-Zeitung in an interview. But the market will be tougher in 2025 than last year.