The ECB president says people must wait and see what the White House does as there is often a 'big gulf' between words and actions.
Repeated tariff threats from U.S. President Donald Trump are hurting European economic confidence, according to European Central Bank President Mario Draghi.
The European Union and United States are at loggerheads after Washington proposed a list of EU products it wanted to slap tariffs on to as retaliation for European aircraft subsidies. Trump tweeted on Tuesday that the EU had taken advantage of the U.S. on trade"for many years."Directly referencing"the threat of tariffs from President Trump to Europeans," Draghi said Wednesday that the danger of protectionism was one of the potential factors dampening growth in the euro area.
The ECB president added that general weakness elsewhere in the world could also be in part attributed to the"threat of further protectionist measures."
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