ECB Official Criticizes Trump’s Trade War
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Francois Villeroy de Galhau, a prominent European Central Bank official, issued a sharp rebuke of former U.S. President Donald Trump’s trade policies during a New York conference, warning they endanger an already fragile global economy. The French central banker argued that escalating tariffs between major economic powers fuels market uncertainty, stifles investment, and threatens financial stability. ’We must prioritize honesty across the Atlantic,’ Villeroy stated, urging renewed efforts toward constructive dialogue. His comments follow a wave of grim economic forecasts, including the IMF’s downward revision of global growth projections for 2024 and 2025. The international lender cautioned that further trade tensions could accelerate economic deterioration.
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