ECB MEMBER: US TARIFFS THREATEN GROWTH AND COMPLICATE INFLATION BATTLE!
European Central Bank Governing Council Member Klaas Knot warned that the United States' imposition of a 25% tariff on imports would reduce the eurozone's GDP by about 0.3%. He noted that these losses could be exacerbated if the European Union retaliates with similar measures, increasing the likelihood of a prolonged economic slowdown.
Klaas Knot added that these protectionist policies could lead to a sustained decline in output, with inflation likely to fall faster in the near term than predicted in the March forecast, due to lower energy prices and increased uncertainty.$BTC