US tariffs risk hitting highest levels for 50 years, says ECB

The European Central Bank has warned that US tariffs are in danger of reaching their highest levels for half a century as its concerns mount about the impact of Donald Trump’s trade policy on eurozone growth. The ECB said in its latest monthly bulletin on Thursday that “downside risks to the global economy have intensified” after the introduction of protectionist measures by the US and China last month and the threat of further retaliation. The ECB said in its latest monthly bulletin on Thursday that “downside risks to the global economy have intensified” after the introduction of protectionist measures by the US and China last month and the threat of further retaliation. Read more here.