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ECB's Villeroy says Trump tariffs will increase economic uncertainty

Published by Global Banking & Finance Review

Posted on February 3, 2025

1 min read

· Last updated: January 26, 2026

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Francois Villeroy discusses Trump's tariffs impacting economic uncertainty - Global Banking & Finance Review
French central bank governor Francois Villeroy de Galhau expresses concerns about US tariffs under Trump, highlighting potential economic uncertainty, crucial for global finance discussions.
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PARIS (Reuters) - Trade tariffs imposed by US President Donald Trump will increase economic uncertainty, French central bank governor Francois Villeroy de Galhau said on Monday. "Looking at the

Villeroy Warns Trump's Tariffs Heighten Economic Uncertainty

PARIS (Reuters) - Trade tariffs imposed by US President Donald Trump will increase economic uncertainty, French central bank governor Francois Villeroy de Galhau said on Monday.

"Looking at the economic news, there are some rather positive elements, there is a recovery of purchasing power ... however, the decision of Mr. Trump to impose strong tariffs will increase economic uncertainty," Villeroy told France Info, adding that this was a very worrying development.

(Reporting by Sudip Kar-Gupta and GV De Clercq)

Key Takeaways

  • Trump's tariffs are expected to increase economic uncertainty.
  • Francois Villeroy de Galhau comments on economic recovery.
  • Tariffs are a worrying development according to Villeroy.
  • Positive economic elements are overshadowed by tariff concerns.
  • French central bank governor speaks on France Info.

Frequently Asked Questions

What is the main topic?
The main topic is the impact of Trump's tariffs on economic uncertainty as discussed by Francois Villeroy de Galhau.
How do Trump's tariffs affect the economy?
According to Villeroy, Trump's tariffs increase economic uncertainty, despite some positive economic developments.
Who is Francois Villeroy de Galhau?
Francois Villeroy de Galhau is the governor of the French central bank.

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