Trade

Trump Must Stop Lose-Lose Game on Trade, ECB’s Villeroy Says

Francois Villeroy de Galhau in November.
Photographer: Alex Kraus/Bloomberg

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By Jana Randow

April 22, 2025 at 8:15 PM EDT

Updated on

April 23, 2025 at 4:27 AM EDT

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President Donald Trump has signed up the whole world to a “lose-lose game” on trade based on flawed economic arguments, according to a top European Central Bank official.