The European Central Bank cuts interest rates as tariffs threaten the economy
CNN
The European Central Bank cut its main interest rate to 2.25% from 2.5% Thursday as Donald Trump’s tariffs loom large over the region’s economy.
The European Central Bank cut its main interest rate to 2.25% from 2.5% Thursday as Donald Trump’s tariffs loom large over the region’s economy. The ECB sets the cost of borrowing for the 20 countries that use the euro. The cut, which was widely expected, is the seventh in the past year. This is a developing story and will be updated.
President Donald Trump threatened Saturday to impose new 10% tariffs on imports from several European countries. It could unravel months of progress made during trade negotiations settled after Trump’s trade war last year.
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