The European Central Bank (ECB) has cut its key interest rate for the eighth time in just over a year as it warned about continuing pressure on the eurozone from Donald Trump's tariffs.The main rate has been reduced from 2.

Actually using import taxes – tariffs – to finance a big chunk of the federal government would be a painful and perilous undertaking, budget wonks say.

The U.S. Federal Reserve should cut interest rates by a full percentage point, President Donald Trump said on Friday as he reiterated his view that Fed Chair Jerome Powell has been too slow to lower borrowing costs.