US tariff policy has had ‘limited impact’ on global economy, report shows
By Oscar Pandiello ( July 29, 2026, 08:42 GMT | Insight) -- US tariffs have so far caused limited damage to the global and European economies, a German central bank report shows. Euro-area output is projected to remain slightly below its pre-tariff path, while the diversion of Chinese exports to the EU has so far been confined to a small share of products.A report by the German central bank shows that US tariff increases have so far had “only a limited impact” on the global economy, while the macroeconomic effects on Germany and the euro area have also remained contained....
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