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