EU trade deal will take a toll on German economy, minister says

BERLIN, July 30 (Reuters) - German Finance Minister Lars Klingbeil is dissatisfied with the European Union's trade deal with the United States, as he thinks it will take a toll on Germany' economic growth, he said on Wednesday.

"I have no illusions about it, it is rather growth-weakening," Klingbeil said in the presentation of the 2026 draft budget, lamenting that the EU was "too weak" in the negotiations.

The U.S. struck a framework trade agreement with the EU on Sunday, imposing a 15% import tariff on most EU goods.

"I would have wished for a different outcome," Klingbeil said. "Still, all in all, it is good that there is an agreement with the U.S., that there are no further escalations."