German EcoMin: Business sentiment significantly hit by US trade policy & strong Euro

Headlines crossed the wires, via Reuters, from the German Economy Ministry, citing:

German business sentiment significantly hit by US trade policy and strong euro.

The climate remains good though.

Economic data points to upturn continuing.

Private consumption is losing steam somewhat according to indicators.

The US trade tariffs should be manageable for the global economy but possible escalation into trade wart and growing uncertainty could cause terrible damage.

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