
The ECB warned that a trade war with tariffs would further weaken Europe's already anaemic economy. The bank noted Europe's reliance on foreign trade and its industrial recession, which is driven by high energy costs and weak Chinese demand.
It also warned that retaliation is likely.
Expected retaliatory tariffs could cut transatlantic and Chinese trade flows, reducing demand for imported feed ingredients and pressuring export-linked prices.
Setelah 23 peristiwa perdagangan sebelumnya, Euro (USD per EUR) bergerak median -0,4% selama 5 sesi (43% lebih tinggi; separuh tengah -0,9% sampai +0,7%), dan +0,5% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
The ECB's warning that a trade war would hurt the euro-area economy supports a weaker-growth, lower-rates narrative that is negative for the euro.