Trump threatens further tariffs as EU, Canada retaliate for those already in place – US politics live | US politics




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Reuters has some more details on comments by Olli Rehn, a European Central Bank (ECB) policymaker, who said that the US administration must be encouraged to avoid leveraging “unnecessary and very harmful” tariffs on Europe through a negotiations solution.

“The simple conclusion is that we should aim at a negotiated solution,” said the Finnish central bank governor at a policy panel in Berlin on Thursday.

The EU plans to impose counter tariffs on €26bn ($28bn) worth of US goods from next month, ramping up a global trade war in response to blanket US tariffs on steel and aluminium, but said it remains open to negotiations.

Rehn said the ECB is carefully monitoring how the Trump administration
treats the independence of the US Federal Reserve and added that he hoped the US Congress could be counted on to maintain checks and balances on the issue.

President Donald Trump’s approach to cryptocurrencies is also on the ECB’s radar, said Rehn, adding that it was monitoring whether there would be some involvement of taxpayers’ money, and maybe links to stablecoins and thus links to the dollar-based system. If that were to be the case, “then this has quite serious potential to create systemic risks,” he said.

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Posted: 2025-03-13 11:43:10

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