ECB chief economist Lane, commenting on recent US tariffs on some trading partners, said the euro-area economy is primarily supported by domestic demand. He added that while transatlantic trade matters, it is "not the dominant issue" and that "the US is not the dominant force in international trade," noting Europe trades with the whole world, not just the United States.

2026-07-25

ECB chief economist Lane, commenting on recent US tariffs on some trading partners, said the euro-area economy is primarily supported by domestic demand. He added that while transatlantic trade matters, it is "not the dominant issue" and that "the US is not the dominant force in international trade," noting Europe trades with the whole world, not just the United States.