European Central Bank Committee Member Kocher: Trade threats increase economic risks.

European Central Bank Governing Council member Martin Kocher warned that throwing out tariff threats for political purposes could harm economic growth. Despite the fact that the tariff measures proposed by US President Donald Trump regarding Greenland have now been withdrawn, "the sharp increase in uncertainty is particularly tricky," the Austrian central bank governor said in an interview with Platow. "This affects investment decisions, weakens the confidence of businesses and households, and the resulting negative effects far outweigh the direct effects on trade." "Using trade policy threats as a political pressure tool will increase overall global economic risks in the medium to long term and harm all parties involved," he added.