Difficult to assess tariffs impact on euro area economy for now, says Dombrovskis

• 10% remaining tariffs are a blow to the global economy
• Economic outlook getting more unpredictable
• Estimates that the euro area could suffer 0.2% to 0.6% GDP loss from tariffs
• Europe does not want a confrontation on tariffs

Dombrovskis adds that they are willing to offer zero-for-zero tariffs on goods at this stage. So, we’ll see. They have three months to strike a compromise and if not, we’ll have to run the drama all back again.

This article was written by Justin Low at www.forexlive.com.