Protectionism is the main source of uncertainty for the global economy, Mario Draghi, president of the European Central Bank, said today (September 13), after the ECB’s monetary policy meeting.
Against a backdrop of heightened volatility in emerging economies and financial markets, the ECB singled out the negative knock-on effects US trade policies may have internationally.
Draghi stressed three factors that, in his view, make trade disputes a source of instability: an escalation in tariffs; l
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