European Central Bank's Francois Villeroy de Galhau:
Trump has signed up the whole world to a “lose-lose game” on trade based on flawed economic argumentsTrump’s attack on trade to dampen economic growth, including for the US, and threaten to undermine financial stabilityVilleroy called for de-escalation to avoid a spiral of rising tariffs“It’s more crucial than ever, across the Atlantic, to tell the truth, to fully assess the damage of a trade war, and to open the way for a possible positive dialog”Bank of France Governor Villeroy was speaking in New York.
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Earlier Trump reversed some tariff policies, and also on firing Powell:
Trump said had no intention of firing Fed Chair Powell (he did). Major reversal from TrumpTrump backing away from tariffs, backing away from firing Powell - will it last?Trump says he has no plans to Fire Federal Reserve Chair PowellTrump says he is going to be very nice to China, they have to make a deal This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about ecb s villeroy warns that trump s trade policies will weaken financial stability growth was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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