- 10% remaining tariffs are a blow to the global economy
- Economic outlook getting more unpredictable
- Estimates that the euro area could suffer 0.2% to 0.6% GDP loss from tariffs
- Europe does not want a confrontation on tariffs
Dombrovskis adds that they are willing to offer zero-for-zero tariffs on goods at this stage. So, we’ll see
Difficult to assess tariffs impact on euro area economy for now, says Dombrovskis