Business World

Saturday 23 June 2018

Trade tariffs could hurt investor confidence and trigger retaliation - ECB boss Mario Draghi

ECB president Mario Draghi
ECB president Mario Draghi
Independent.ie Business Desk

The direct effect on the euro zone economy of trade tariffs announced by the United States and China is small but they can hurt investor confidence and trigger retaliation, the head of the European Central Bank said on Wednesday.

"The direct effects are not big," Mario Draghi told students at an ECB event. "In the end the key issue is retaliation."

More to follow...

Online Editors

Business Newsletter

Read the leading stories from the world of Business.

Also in Business