tariffs, trade policy, Economic Impact, ECB, European Central Bank, US economy, Panetta
February 23, 2026
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ECB’s Panetta Says Tariffs Have Damaged the US More Than Others

A senior official from the European Central Bank stated that the US economy has borne the heaviest burden from recent tariffs. Speaking at a financial conference in Venice, he explained that while foreign exporters absorbed an estimated 10% of the cost, the initial impact was largely taken by the profit margins of US firms. Over […]