Washington under President Donald Trump has created more “uncertainty”than the Covid-19 pandemic, Luis de Guindos, the vice president of the European Central Bank (ECB), has claimed.
The official made the remarks in an interview with The Sunday Times during which he bemoaned Trump’s use of tariffs, as well as plans to reform corporate taxes and deregulate the financial system. The actions of the new US administration have been causing short-term volatility in markets while making inflation expectations and interest rates hard to predict, he said.
“We need to consider the uncertainty of the current environment, which is even higher than it was during the pandemic,” the ECB vice president said.