Forget the US — Europe has successfully put tariffs on itself

Europe's internal barriers are equivalent to tariffs of 45% for manufacturing and 110% for services, Draghi points out in an article in the Financial Times and calls for "radical changes"

Forget the US — Europe has successfully put tariffs on itself

High internal barriers and regulatory hurdles are far more damaging for growth than anything America might impose

Former European Central Bank President Mario Draghi sounds the alarm for the European economy in an article in Financial Times.

Draghi: Forget US - Two factors 'kneel' Europe's competitiveness - News Bulletin 247

“The IMF estimates that Europe’s internal obstacles are equivalent to 45% duties for manufacturing and 110% for services,” he points out in his article on FT How much can Donald Trump’s duties and pressures affect the economy? THE Mario Draghiwho persistently calls for the overthrow of the economic policy implemented by the EU, in an article in the Financial Times, intervenes for one one time, stressing that US duties and pressures are not the b…