ECB's Nagel Raises Concerns Over US Tariff Impact

Joachim Nagel, a key figure on the European Central Bank (ECB) Governing Council and President of the Deutsche Bundesbank (Buba), has voiced significant concerns regarding the United States' recent tariff announcements. "The ECB will need to reassess the situation," Nagel emphasized, highlighting the potential threats to global economic stability.

"Tariffs will test the resilience of monetary policy progress," Nagel stated, pointing out that the decision by Washington could have far-reaching consequences. He warned that "the prosperity of all" is at risk, with anticipated increases in prices and a downturn in global economic growth.