German auto companies embraced greater clarity but warned that even the lower rate of tariffs agreed between Brussels and Washington would still hurt.

European companies face challenges with a new U.S. trade deal involving 15% import tariffs on EU goods. Key industries, including automotive and alcohol, experience stock dips, fearing lost competitiveness and higher costs.

German Chancellor Friedrich Merz has warned that the compromise reached in the tariff dispute between the European Union and the United States will severely impact Germany's export-oriented economy. "The German economy will suffer significant damage from these tariffs,