German economic minister is on the wires saying:

  • EU is currently negotiating from a position of weakness and must change this.
  • New tariffs bring an enormous burden.
  • Will measure US against commitments from Sunday.
  • Cannot say how much of the USD $600 billion investment in the US will fall on Germany

US Commerce Sec. said that Trump conducted a master class with his negotiations with the EU but said that over time, EU will recognize that they made a good deal. Trump looks for reshoring or tariffs.

Source: Forex Live