Germany's economy minister Peter Altmaier speaks on German radio
- Annoyed and concerned by US' decision
- It is in everyone's interest to avoid further escalation
- Will take a few days until countermeasures are possible
- EU and US remains close partners despite trade, Iran issues
While markets aren't generally too concerned at the moment, this looks like something that will play out for the next few weeks and in turn weigh on sentiment further once the tit-for-tat measures are finalised. If anything, it will at least keep a lid on any rallies in risk assets.
