ECB stresses protectionist risks in economic bulletin
US administration announced plans to impose tariffs on steel and aluminium in March
The European Central Bank considers risks derived from protectionist policies to be increasingly important and says they may hamper global growth.
“The risks surrounding the euro area growth outlook remain broadly balanced, but risks related to global factors, including the threat of increased protectionism, have become more prominent,” the ECB says in its latest economic bulletin.
On March 1, US president Donald Trump announced plans to impose a 25% tariff on steel imports and a 10% tariff on
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