Stournaras: European economy will suffer if US imposes tariffs

The European economy would suffer if Donald Trump enacted his pledges on tariffs and trade barriers, and this could impact European Central Bank policy, Greek central bank chief Yannis Stournaras said on Thursday.

"It will have a negative impact on the European economy and it will also have an implication for the exchange rate… so this has certain implications for our monetary policy," Stournaras told a conference.

He added that the actual outcome depended on what policies would be implemented by the incoming US administration and ECB policy would continue on its present course while the world awaits concrete steps from Washington. [Reuters]