ECB’s Stournaras: Trump’s tariffs could slow Euro area growth by 0.5 to 1 percentage points

European Central Bank (ECB) policymaker Yannis Stournaras warned on Monday, “Trump tariffs risk large euro-area demand shock,” per the Financial Times (FT).

Additional quotes

“The looming global trade war was likely to weigh heavily on Europe’s economic growth.”

“The negative impact on Euro area growth “could be anything between 0.5 and 1 percentage points.“

Market reaction

EUR/USD was last seen trading at 1.0967, up 0.11% on the day.