US-EU trade deal not far from ECB's baseline assumptions, Lagarde says
"The trade deal establishes an effective average tariff estimated to lie between 12% and 16% for U.S. imports of euro area goods," she said in Geneva.
"This effective average tariff is somewhat higher than – but still close to – the assumptions used in our baseline projections last June," she said. "The outcome of the trade deal is well below the severe scenario for U.S. tariffs of over 20%."
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Bloomberg
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Pantheon's Debono: Ecb to Cut in September
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