As President Donald Trumpov tries to return the U.S. to its manufacturing past, China wants to make its economy more like that of the U.S. by boosting domestic consumption.
Pharmaceutical imports were initially exempt from Trumpov’s first set of reciprocal tariffs last week, but his administration has since indicated that levies are coming.
The deal caps weeks of haggling between Merz and the SPD after he fell well short of a majority in February's elections, with the far-right Alternative for Germany surging into second place.