๐จ NEW: ๐ช๐บ๐บ๐ธ European Central Bank drops a blunt take
The ECB says tariffs have hurt the U.S. economy more than anyone else.
Not allies.
Not rivals.
America itself.
Higher costs. Slower growth. Distorted supply chains.
What was sold as โprotectionโ is showing up as self-inflicted damage.
Markets are watching closely โ because when policymakers admit this out loud, it usually means the pain is already priced inโฆ or about to be.
Narrative shifting.
Volatility loading.
Macro cracks getting louder.
๐ The trade war bill is coming due
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