⭕ José Luis Escrivá, Member of the Board of the European Central Bank:
📌 Geopolitical and trade tensions arising from U.S. tariffs pose a risk to the stability of the global financial system and economic growth.
📌 Escrivá noted that an increase in tariffs could negatively impact global economic activity, particularly in the United States.
📌 Escrivá cited an analysis showing that the average U.S. tariff on Spanish exports could rise from 12% to 18% if the proposed reciprocal measures are implemented.
