Reuters News Agency reported statements from European Central Bank member and Governor of the Bank of France, François Villeroy de Galhau, indicating that the tariffs imposed by U.S. President Donald Trump will increase economic uncertainty, describing them as "a very concerning development."
The European Central Bank member also described Trump's tariffs as "very harsh," stating that everyone loses in such intense trade wars. Regarding the monetary policy moves of the European Central Bank, Villeroy mentioned that eurozone economies could potentially see further interest rate cuts.
It is worth noting in this context that Donald Trump stated yesterday that new tariffs on the European Union "will definitely happen," without specifying the extent of these tariffs or a timeline for their implementation.
