ECB’s Cipollone: Trump tariffs could lead to reduction in growth, inflation in Europe

• US tariffs have the potential to weaken European economy
• That will lead to lower consumption and reduced pressure on prices
• That makes me think we will have a reduction in growth and inflation

It’s a bit of an opposing view on prices though most would agree on the impact on the economy at least. On the former though, it perhaps will depend if Europe chooses to retaliate back or the extent of said reply I guess. So, we’ll have to see.

This article was written by Justin Low at www.forexlive.com.