ECB Warns of Ripple Effects From Investors Questioning US Assets

The European Central Bank warned that heightened investor concern over the riskiness of US assets following Donald Trump’s tariff drive could further jolt the world’s financial system.

The “atypical shifts” away from traditional havens like the dollar and US Treasuries after April’s trade announcements may point to a “fundamental regime change,” the ECB said in its bi-annual Financial Stability Review.