ECB’s de Guindos: Trade war is bad news for the world economy, everyone loses in that situation

European Central Bank (ECB) Vice President Luis de Guindos said on Monday, “trade war is bad news for the world economy, everyone loses in that situation.”

US President Donald “Trump administration has increased economic uncertainty due to tariffs, deregulation,” the ECB official added.

Market reaction

These comments fail to move a needle around the Euro, with EUR/USD trading flat on the day near 1.0885.