The head of the European Central Bank says the agreement struck between the European Union and the U.S. to defuse trade tensions is "a good sign."
EU Commission head Jean-Claude Juncker and U.S. President Donald Trump agreed on Wednesday to try to reduce tariffs, putting on hold any U.S. threat to put duties on European cars. The sides said they would also try to find a way to eliminate tariffs on steel and aluminum that they put on each other this year.
ECB President Mario Draghi limited his comments Thursday because he said he did not know all the content of what was agreed upon but added that "it shows that there is a willingness to discuss trade issues in a multilateral trade framework again."
Draghi spoke after the central bank left interest rates and stimulus settings unchanged. IT says it will end its bond stimulus purchases at year end.
