ECB warns that trade war risks hurt European economy

The European Central Bank (ECB) has made another interest rate cut, responding to heightened concerns over trade war risks that are weighing heavily on the region's economic outlook. The Frankfurt-based institution reduced its benchmark deposit rate by a quarter percentage point, bringing it down to 2.5%, as President Donald Trump readies new tariffs targeting EU exports. This marks the second interest rate cut of the year, aligning with market expectations, amid growing fears of a trade war escalating between the U.S. and the European Union. Christine Lagarde, ECB President, pointed to “high levels of ...