Villeroy: Trump's policies could have a negative impact on the economy
2025-02-12 07:56:54
Bank of France Governor Villeroy Wednesday Heavy US President Trump Tariffsdesk3cryptocurrencydesktopCrypto News
The governor of the Bank of France, Villeroy, on Wednesday reiterated that U.S. President Donald Trump's tariff policy is likely to have a negative impact on the economy. "Protectionism is an attractive short-term policy, but in the long term it is a losing strategy," he added. Villeroy also reiterated that France is likely to avoid a recession in 2025. The French economy is on track to grow by 0.1-0 percent in Quarter 1 compared with the previous three months, the Bank of France said on Tuesday. (Jin Ten)
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