Donald Trump`s trade policy could harm world economic growth, ECB policymaker warns

by Dramelin 8:00 AM 0 comments countries ecb economic growth harm policy policymaker titfortat told trade trigger triggering trumps visco warns world

U.S. President Donald Trump`s approach to trade issues could trigger retaliation in other countries and harm global economic growth, European Central Bank policy maker Ignazio Visco said on Saturday. "The U.S. administration`s declared intention of slowing down or reversing trade liberalization processes, and the steps it has already taken in this direction, risk triggering tit-for-tat measures in other countries, with negative repercussions for world growth," Visco, who sits on the ECB Governing Council, told a financial conference.