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Germany wants EU and U.S. to abolish even more tariffs

BERLIN, June 15 (Reuters) - German Economy Minister Peter Altmaier on Tuesday welcomed a truce agreed between the European Union and United States in their near 17-year conflict over aircraft subsidies, saying both sides should try to abolish as many tariffs as possible.

“This agreement is an important signal for transatlantic cooperation and the new start of transatlantic relations,” said Altmaier, a confidant of centre-right Chancellor Angela Merkel.

“We need fewer tariffs and not more tariffs, because in the end, tariffs are causing damage on both sides of the Atlantic,” Altmaier said, adding that the agreement was a great relief to German exporters who had been subject to special tariffs in the aircraft subsidies dispute. (Reporting by Michael Nienaber Editing by Paul Carrel)

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