ECB's Villeroy says Trump policies have eroded confidence in US dollar
Published by Global Banking & Finance Review®
Posted on April 10, 2025
1 min readLast updated: January 24, 2026
Published by Global Banking & Finance Review®
Posted on April 10, 2025
1 min readLast updated: January 24, 2026
ECB's Villeroy states Trump's policies erode US dollar confidence, citing protectionism as harmful to the US economy.
PARIS (Reuters) - US President Donald Trump's policies in recent weeks have eroded confidence in the US dollar, European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Thursday.
Speaking on France Inter radio, Villeroy, who is also head of the Bank of France, also said that the protectionism and unpredictability of the Trump administration were "bad elements" for the US economy.
On Wednesday, U.S. President Donald Trump said he would temporarily lower the hefty duties he had just imposed on dozens of countries while further ramping up pressure on China, sending global stocks rocketing higher.
(Reporting by Nicolas Delame and Sudip Kar-Gupta; Editing by GV De Clercq)
The main topic is the impact of Trump's policies on the confidence in the US dollar, as discussed by ECB's Villeroy.
Villeroy suggests that Trump's protectionism and unpredictability are negative elements for the US economy.
Trump announced a temporary reduction of duties on several countries while increasing pressure on China.
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