October 17, 2024 13:17 GMT
MNI BRIEF: Any Trade Obstacles A Downside Risk - Lagarde
ECB President Christine Lagarde asked about possible impact of increased U.S. tariffs.
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MNI (LONDON) - Any obstacles to trade be a risk to eurozone growth European Central Bank President Christine Lagarde said on Thursday.
"Trade is an important element. Any restriction, uncertainty or obstacle to trade matters for an economy like the euro area economy, given how open it is," she said, when asked about a possible increase in tariffs following the U.S. presidential election.
"Any hardening of trade barriers, the additional obstacles on trade, is obviously a downside," she said at the post-Governing Council press conference in Slovenia.
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