
Lagarde: ‘US duties on European imports would reduce eurozone growth by 0.3 percentage points’
-
Meloni-Onu: “Russia e Israele oltre il limite, servono regole nuove”
-
Roma, arrestato trentenne: 70 kg di droga nascosti in auto “caveau” VIDEO
-
Tromba d’aria spiaggia di Maccarese: ombrelloni in volo, panico tra i bagnanti VIDEO
-
Cima Falkner si sgretola, vietati sentieri e vie alpinistiche nel Brenta VIDEO
ECB president warns of the economic impact of any increase in tariffs between the US and Europe. Growth penalised especially in the first year, with long-term negative effects on production
According to analyses by the ECB, a 25 per cent US tariff on imports from Europe would have a negative impact on growth in the euro area, with a reduction of about 0.3 percentage points in the first year. This was stated by the President of the European Central Bank, Christine Lagarde, during a hearing in the European Parliament.
Lagarde pointed out that a European response in the form of increased tariffs on imports from the US would further aggravate the situation, bringing the reduction in growth to about half a percentage point. However, she warned that these estimates are subject to high uncertainty as the situation is still evolving.
The greatest impact would occur in the first year after the introduction of the duties, with a gradual easing over time, while leaving a persistent negative effect on the level of output. The euro area, being deeply integrated in global supply chains and very open to trade, is particularly vulnerable to changes in trade policies, especially with the US.
THE LATEST NEWS
(Photo: © AndKronos)
-
Sport16 ore ago
Sinner-Atmane Pechino, orario e diretta tv del match di sabato
-
Primo Piano16 ore ago
Trump, nuovo piano di pace per Gaza: accordo in 21 punti
-
News15 ore ago
Caso Garlasco Sempio, genitori sentiti per 7 ore: «Mai corrotto nessuno»
-
International-News6 ore ago
Musk Prince Andrea files Epstein: new documents reveal connections