Merz Faces U.S. Crisis After One Year as Chancellor

Germany faces 25% auto tariffs and U.S. troop withdrawals as Chancellor Merz marks his first year. Domestic polls show his coalition trailing the far-right AfD.

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Chancellor Friedrich Merz marks one year leading Germany as the United States threatens 25% auto tariffs and a 5,000-troop withdrawal. The moves follow Merz's criticism of U.S. strategy in Iran and two years of German recession. For investors, the escalating trade friction threatens the recovery of Europe's largest economy and its critical industrial base.

Trade Friction Hits the Industrial Core

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