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Trump tariffs: Europe faces worst of all worlds
Europe faces potentially the worst of all worlds from aggressive tariff policies announced and planned by US President Donald Trump. An American inflationary upsurge and severe restrictions on world trade could produce an unpalatable mix of euro depreciation and a revival of price pressures amid further economic stagnation. The US measures against Canada, Mexico and China could disrupt the European Central Bank’s campaign to ease monetary policy, lowering further already slender chances of a decisive European recovery from the second half of the year onwards. Trump’s effective declaration of a trade war counters ... (full story)