Economics
Draghi Asks Who Needs Friends Like These Amid Trump Threat
- ECB president questions the state of international relations
- Starting a trade war could affect exchange rates, Draghi says
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European Central Bank President Mario Draghi added his voice to those criticizing the U.S. threat to slap import tariffs on some products and called on governments to work together rather than end up in a tit-for-tat dispute.
While he downplayed the impact on the economy, he said recent developments still raise questions about the health of global relations. The past week has seen President Donald Trump announce plans for tariffs on steel and aluminum imports as well as threats of retaliation by some of the U.S.’s biggest trade partners.