MNI BRIEF: Must See US Policies Before Assessing-ECB's Guindos
MNI (LONDON) - ECB policymakers will need to assess the policies of the incoming administration of President Donald Trump before any adjustments to its own policy considerations, ECB vice president Luis de Guindos said Wednesday.
"I cannot make an assessment of the U.S. policies now, obviously, but we must wait to see them," he told a conference in London hosted by the European Economics and Financial Centre. "To speculate now is a little premature, let’s wait and see." (See MNI INTERVIEW2: Trump Stagflationary For Eurozone-ECB's Wunsch)
According to de Guindos, "tariffs create barriers and are harmful to the global economy" as they will lead to retaliatory action.
"I hope decisions don't give rise to a global trade war. Every tariff will lead to retaliation," he said.