The recent agreement between the European Union and the United States, which subjects many European industrial goods to a 15% tariff when traded with the US, has sparked a wave of criticism among German government officials and industry leaders.

The German-Iranian Chamber of Industry and Commerce recently hosted a high-level event attended by the Deputy Foreign Minister and heads of several European joint chambers of commerce.

A last-minute deal, introducing a 15% tariff focused on the energy and defense sectors, has temporarily defused rising tensions between the European Union and the United States.

In the first five months of 2025, trade between Iran and the EU-27 dropped by 18% year-on-year, reaching €1.6 billion.

From January to May 2025, the total trade volume between Iran and Germany amounted to €528 million, representing a 16 percent decrease compared to the same period in the previous year.

Sixty-one major German companies, including Deutsche Bank and Siemens, have announced their readiness to invest €100 billion in Germany’s economy.

In the first quarter of the Iranian fiscal year 1404 (corresponding to March 20 to June 20, 2025) both Iran’s exports and imports experienced YOY declines of 14% and 12%, respectively.

Iran exported €126 million worth of food and live animals to the EU-27 in the first four months of 2025, marking a 10% YOY increase.

Iran’s Customs Administration has announced a customs duty exemption for the import of state-of-the-art machinery, provided it replaces outdated equipment.