Tariffs pose a “significant” risk to growth in the euro zone’s largest economy Germany, ECB policymaker Joachim Nagel said in Washington today.
“We are relatively certain that the impact on inflation in the US will be stronger than in the euro zone,” Nagel said of the sweeping tariff regime under US President Donald Trump.
“As far as economic growth is concerned, which of course also depends on the level of the respective tariffs, the impact in Europe will also be significant for Germany,” he added.
