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Impact 25 of 100, routine

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German Chancellor Friedrich Merz said the EU’s trade instruments must preserve the bloc’s competitive edge, signaling caution over measures that could burden exporters. The remark came via First Squawk and did not specify which tools or sectors were under review. It matters because Brussels is weighing trade-defense and industrial-policy steps that could affect tariffs, subsidies and supply-chain rules. Watch for follow-up from the European Commission on how competitiveness tests are applied to new trade measures.

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Friedrich Merz, European Union, Germany