A huge logo of the Euro currence is seen in front of the former headquarters of the European Central Bank (ECB) in Frankfurt am Main, western Germany, on June 29, 2015. AFP PHOTO / DANIEL ROLAND
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Europe's top monetary official criticized U.S. President Donald Trump's proposal to put tariffs on steel and aluminum imports as a "dangerous" unilateral move.Trump is expected to announce by the end of this week tariffs of 25 percent on steel and 10 percent on aluminum. Trump has long singled out China for being unfair in trade practices, but experts say the tariffs would hurt U.S. allies Canada and the European Union far more.The most important fallout, Draghi said, would be if tariffs raised fears about the economy.The bank has said it will continue buying 30 billion euros ($37 million) in bonds per month through September and longer if needed but has given no precise end date.It remains at 1.2 percent, stubbornly below the bank's goal of just under 2 percent, the level considered best for the economy.
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