European Central Bank Governing Council Member Escrivá: The trade policies of the United States will pose risks to the global financial industry.

Jin10 reported on May 20 that European Central Bank Governing Council member Escrivá warned on Tuesday that the geopolitical and trade tensions triggered by U.S. tariffs pose risks to the stability of the global financial system and the global economic rise. Escrivá believes that the unpredictability of the Trump administration's policies, from trade to the broader economy, is one of the risks defining the global environment, and the potential deterioration of international investors' confidence in the U.S. economy also creates uncertainty. All these factors have a decisive impact on the global growth outlook and pose risks to the stability of the international financial system. Escrivá cited analyses of several scenarios, stating that increased tariffs would negatively affect global economic activity, particularly in the U.S., while having a smaller impact on the eurozone and Spain. He still believes that under uncertain circumstances, Spain faces significant downside risks in the coming quarters.