‘Liberation day’ was not peak uncertainty – Schnabel
EU was “not born to screw the US, but to make Europe thrive”, says ECB board member
Isabel Schnabel has said she is “not entirely sure” that US president Donald Trump’s “liberation day” marks the peak of global uncertainty.
Her presentation on April 5 reflected on the effects of the Trump administration’s broad tariffs on almost all the US’s trading partners. The European Central Bank board member said the package of measures was “not liberating, but actually seems to have marked the end of global free trade”.
Calling the surge in geopolitical and global economic uncertainty
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