European Central Bank (ECB) Vice President Luis de Guindos said on Monday, “it is very important to avoid a trade war.”
Additional quotes
We need a prudent and intelligent approach regarding latest tariffs announcement.
Need to keep a clear head
Our analysis on tariffs is that it leads to impact on supply.
The impact on inflation is less clear.
Have to take into account all factors on monetary policy.
Market reaction
These comments fail to move a needle around the Euro, with EUR/USD down 0.08% on the day to trade near 1.0320.
Source: https://www.fxstreet.com/news/ecbs-de-guindos-it-is-very-important-to-avoid-a-trade-war-202502100848