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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.
reuters.comHarry Robertson6 nov 2024Na 23 eerdere handel-gebeurtenissen bewoog Euro (USD per EUR) zich mediaan -0,4% over 5 sessies (43% hoger; middelste helft -0,9% tot +0,7%), en +0,5% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
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.
