ECB Economic Bulletin: New round of US tariffs a 'modest' hit for Euro area
|According to the latest research conducted by the European Central Bank (ECB) and published in its economic bulletin of the April monetary policy meeting, a new round of tariffs imposed by the US on its main partners would only cause a “modest decrease” in the pace of economic growth in the Eurozone.
Key Highlights:
The study simulated a two-way, 10 percent increase in tariff and other trade barriers between the world’s largest economy and all its partners.
But escalating trade tensions could have grave consequences for the global economy.
Eurozone car industry would incur losses of 4% on US tariffs, simulation shows.
Consequences of the tariffs implemented last year pose only a modest adverse risk to the global and Eurozone outlook.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.