ECB's Nagel sees progress on tariffs, but says still more work to be done ...Middle East

said there has been progress in resolving the U.S.-EU tariff dispute, but more hurdles remain.

He stressed that both sides now recognize trade conflicts have no winners.

The German Council of Economic Experts cut its growth forecast for Germany, citing the negative impact of tariff uncertainty.

He sees potential for German growth to return to 1% or more by 2026, depending on the speed of fiscal policy rollout.

He rejected any notion of a G7 split over U.S. policy, affirming: “It’s a G7.”

This article was written by Eamonn Sheridan at www.forexlive.com.

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