European Central official for America’s imposition of customs duties: Everyone is a loser

Class Knut, a member of the European Central Bank Governor Council, said on Sunday that he expects the new customs duties imposed by US President Donald Trump will lead to high inflation and interest rates in the United States, which will most likely weaken the euro, which will weaken the euro..

Knut, who is also the governor of the Dutch central bank, added in an interview with Dutch television that commercial wars are harmful to all parties and that the best reaction to the imposition of customs duties economically is not to do anything.

But Knut expected that the countries concerned will return for political considerations.