ECB Official Slams Trump’s Trade War, Calling It a ‘Lose-Lose Game’

A leading official at the European Central Bank (ECB) has strongly criticized former U.S. President Donald Trump’s trade war policies, deeming them as detrimental and unnecessarily disruptive to global economic stability. Francois Villeroy de Galhau, a prominent central banker, asserted that aggressive trade measures pose significant risks, hindering an already fragile global economy by creating uncertainty for businesses, discouraging investment, and potentially destabilizing financial markets.  Villeroy’s remarks came during a conference in New York as the IMF recently downgraded global growth forecasts for this year and next. The official called for a thorough assessment of the trade war’s impact and encouraged efforts to re-establish constructive dialogue between the two countries.