25
Apr
A new round of tariffs between the United States and its main partners would only cause a “modest decrease” in the pace of economic growth in the euro zone, according to research by the European Central Bank.
The study simulated a two-way, 10 percent increase in tariff and other trade barriers between the world’s largest economy and all its partners.
It showed an “overall modest decrease in activity” in the euro area due to fading global confidence outweighing a boost to...