Direct impact of U.S. tariffs on EU 'limited' - ECB's Weidmann

U.S. tariffs on imports of steel and aluminium from the European Union are likely to have only a limited direct impact on the EU economy, but risk hurting business and consumer confidence, European Central Bank policymaker Jens Weidmann said on Friday.Weidmann, head of Germany's Bundesbank, told German broadcaster ZDF on the sidelines of a G7 meeting of finance ministers and central bank chiefs in Canada that fears of escalating trade tensions between the United States and the rest of the world