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ECB warns of risks beyond tariffs: from security to capital flows
Published by Global Banking & Finance Review®
Posted on July 9, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 9, 2025
1 min readLast updated: January 23, 2026
The ECB warns of broader risks beyond tariffs, including security and foreign investment concerns, as stated by chief economist Philip Lane.
BRUSSELS (Reuters) -The European Central Bank will consider risks beyond trade tariffs, from security concerns to potential penalties on foreign investors, when it assesses the global landscape, the ECB's chief economist Philip Lane said on Wednesday.
"This uncertainty extends beyond the calibration of new tariff regimes and includes the possibility of a broader set of non-tariff barriers, a deeper intertwining of economic policies and security policies and possible revisions to the treatment of foreign portfolio investors and foreign direct investors," Lane told an event in Brussels.
(Reporting by Philip Blenkinsop, Writing by Francesco Canepa, Eidting by Timothy Heritage)
The ECB is considering risks that include security concerns and potential penalties on foreign investors when assessing the global landscape.
The uncertainty extends beyond new tariff regimes and includes the possibility of non-tariff barriers and a deeper intertwining of economic policies and security.
The article was reported by Philip Blenkinsop and written by Francesco Canepa, with editing by Timothy Heritage.
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