European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Monday that US President Donald Trump's tariffs will increase economic uncertainty, calling it a 'very worrying development,' as reported by Reuters.
European Central Bank policymaker Francois Villeroy de Galhau said on Monday that US President Donald Trump's tariffs will increase economic uncertainty, calling it a very worrying development, as reported by Reuters. He also described Trump's tariffs as very brutal and said that everyone loses in this kind of protectionist trade war. Commenting on the policy outlook, there will likely be further rate cuts, Villeroy added.
Tariffs are prepaid at the port of entry, while taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and businesses, while tariffs are paid by importers. Are tariffs good or bad? There are two schools of thought among economists regarding the usage of tariffs.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European Markets Poised for Gains as Investors Await ECB Decision and Economic DataEuropean markets are set to open higher on Thursday, fueled by anticipation of key earnings, economic data releases, and the European Central Bank's (ECB) latest monetary policy decision. The ECB is widely expected to commence its first meeting of 2025 with a 25-basis-point interest rate cut, marking its fifth easing since June 2024. Investors will closely monitor growth figures from France, Germany, and the eurozone, alongside eurozone unemployment, economic sentiment, and consumer confidence indicators.
Read more »
European Markets Set for Higher Open as Investors Await ECB Decision and Economic DataEuropean markets are expected to open higher on Thursday, driven by anticipation of the European Central Bank's (ECB) monetary policy decision and key economic data releases. Investors will closely monitor the ECB's decision on interest rates and its outlook on the euro zone economy. Furthermore, growth figures from major euro zone economies, as well as unemployment, sentiment, and confidence indicators, will be closely watched.
Read more »
European Markets Anticipate ECB Rate Cut Amid Economic Data ReleasesEuropean markets are set for a positive opening as investors await key earnings, economic data, and the European Central Bank's monetary policy decision. The ECB is expected to cut interest rates by 25 basis points, signaling further easing measures despite recent inflation increases.
Read more »
European GDP Releases and ECB Meeting Dominate MarketThe European economic calendar is packed with important releases today, including GDP figures for France, Germany, Italy, and the eurozone. The market is also closely watching the ECB meeting, where a 25bp deposit rate cut is expected. EUR/USD is likely to be influenced by these events, with a potential downside risk if the market perceives a chance of the ECB moving policy below neutral.
Read more »
European Markets Set for Negative Start Amid Earnings and ECB Rate DecisionEuropean markets are anticipated to open the new trading week in the red on Monday, as investors brace for a wave of earnings releases and the European Central Bank's latest interest rate announcement. Key data releases from the euro zone, France, and Germany are also on the agenda this week.
Read more »
European Markets Poised for Negative Start Amid Busy Earnings and ECB DecisionEuropean markets are anticipated to open negatively on Monday, with investors preparing for a pivotal week marked by significant earnings releases and the European Central Bank's latest interest rate decision. Key economic indicators from the eurozone and core economies, France and Germany, are also scheduled for release this week, along with monetary policy announcements from both the ECB and the U.S. Federal Reserve.
Read more »