Economic news

ECB highlights threats from tariff hassles

Global economy’s expansion is facing threats from bigger U.S. tariffs that harm confidence, according to yesterday’s bulletin from the ECB.

Risks of global gearing down have multiplied in view of trade tariff measures some countries take, initiated by the United States, according to the ECB’s assessment that is aligned with the policy statement of 2 weeks ago.

In case all considered steps were to be taken, the amount of average U.S. tariff would jump to record high in 50 years, it also said.


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