Germany’s IFO: Trade tariffs and EUR appreciation weighing on sentiment

Germany's IFO institute is out with the following headlines (via Reuters) on the German outlook, trade tariffs and EUR appreciation.

German economic growth seen at 2.6% in 2018, 2.1% in 2019.

Huge US income tax cuts, robust Eurozone economic upturn seen boosting demand for German goods & services.

The debate about introducing, raising tariffs in transatlantic trade & appreciation of the EUR seen weighing on sentiment.

Reform of tax system laid in German coalition agreement is disappointing.

Answer needed to corporate tax cuts in US, UK and France.