ECB’s Villeroy: Trump's tariff pause decision is less bad news
Source Fxstreet
European Central Bank (ECB) policymaker and Bank of France head Francois Villeroy de Galhau said on Thursday that US President Donald “Trump's tariff pause decision is less bad news but still bad news elements out there in America.”
Additional comments
- Protectionism remains a bad element for the American economy.
- There is room for talks in the coming 3 months over the Trump tariffs situation.
- Good that Europe has kept its cool during talks with the trump administration over tariffs.
- Trump policies in recent weeks have eroded confidence in the US Dollar.
- Reaffirms that he does not expect a French economic recession.
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