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    Home > Headlines > ECB warns of risks beyond tariffs: from security to capital flows
    Headlines

    ECB warns of risks beyond tariffs: from security to capital flows

    Published by Global Banking & Finance Review®

    Posted on July 9, 2025

    1 min read

    Last updated: January 23, 2026

    ECB warns of risks beyond tariffs: from security to capital flows - Headlines news and analysis from Global Banking & Finance Review
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    Tags:financial stability risksforeign investorsmonetary policyeconomic growthfinancial markets

    Quick Summary

    The ECB warns of broader risks beyond tariffs, including security and foreign investment concerns, as stated by chief economist Philip Lane.

    ECB Highlights Broader Risks Beyond Tariffs, Including Security Issues

    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)

    Key Takeaways

    • •ECB considers risks beyond trade tariffs.
    • •Security concerns are a major focus.
    • •Potential penalties on foreign investors discussed.
    • •Economic and security policies are intertwined.
    • •Revisions to foreign investment treatments possible.

    Frequently Asked Questions about ECB warns of risks beyond tariffs: from security to capital flows

    1What risks is the ECB considering beyond trade tariffs?

    The ECB is considering risks that include security concerns and potential penalties on foreign investors when assessing the global landscape.

    2How does the ECB view the uncertainty in trade?

    The uncertainty extends beyond new tariff regimes and includes the possibility of non-tariff barriers and a deeper intertwining of economic policies and security.

    3Who reported on the ECB's considerations?

    The article was reported by Philip Blenkinsop and written by Francesco Canepa, with editing by Timothy Heritage.

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